Title: Reporting Entity
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Blue Earth County has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Blue Earth County has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards presents the activities of federal award programs expended by Blue Earth County. The County’s reporting entity is defined in Note 1 to the financial statements. The schedule does not include $1,349,173 in federal awards expended by the Blue Earth County Economic Development Authority (EDA) component unit, which was audited by other auditors.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Blue Earth County has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Blue Earth County has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Blue Earth County under programs of the federal government for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Blue Earth County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Blue Earth County.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Blue Earth County has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Blue Earth County has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Blue Earth County has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Reconciliation to Schedule of Intergovernmental Revenues
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Blue Earth County has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Blue Earth County has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal grant revenue per Schedule of Intergovernmental Revenues = $16,059,438. Grants received more than 60 days after year-end unavailable in 2024: MaryLee Allen Promoting Safe and Stable Families Program = $1,673, Refugee and Entrant Assistance - State/Replacement Designee Administered Programs = $1,772, Stephanie Tubbs Jones Child Welfare Services Program = $2,982, Foster Care - Title IV-E = $8,297. Unavailable in 2023, recognized as revenue in 2024: Edward Byrne Memorial Justice Assistance Program = $(6,098), Conservation Research and Development = $(1,454,104), MaryLee Allen Promoting Safe and Stable Families Program = $(1,765), Temporary Assistance for Needy Families = $(197,913), Stephanie Tubbs Jones Child Welfare Services Program = $(1,757), Emergency Management Performance Grants = $(41,328), Expenditures Per Schedule of Expenditures of Federal Awards = $14,371,197.