Title: NOTE 1 REPORTING ENTITY
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of La Paz County, Arizona under programs of the federal government for the year
ended June 30, 2023. The information in this Schedule is presented in accordance with the
requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance).
Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting, which is described in Note 1 to the County’s basic financial statements for the
year ended June 30, 2023. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance for all awards. Under these principles, certain types of
expenditures are not allowable or are limited as to reimbursement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10 percent de minimus indirect cost rate.
The accompanying schedule of expenditures of federal awards presents the activity or
expenditure of all federal awards programs of the La Paz County, Arizona for the year
ended June 30, 2023. The County’s reporting entity is defined in Note 1 of the basic
financial statements. All expenditure of federal awards received directly from federal
agencies as well as federal awards passed through other government agencies are included
in the schedule.
Title: NOTE 2 BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of La Paz County, Arizona under programs of the federal government for the year
ended June 30, 2023. The information in this Schedule is presented in accordance with the
requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance).
Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting, which is described in Note 1 to the County’s basic financial statements for the
year ended June 30, 2023. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance for all awards. Under these principles, certain types of
expenditures are not allowable or are limited as to reimbursement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10 percent de minimus indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of La Paz County, Arizona under programs of the federal government for the year
ended June 30, 2023. The information in this Schedule is presented in accordance with the
requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance).
Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting, which is described in Note 1 to the County’s basic financial statements for the
year ended June 30, 2023. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance for all awards. Under these principles, certain types of
expenditures are not allowable or are limited as to reimbursement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
Title: NOTE 3 FEDERAL ASSISTANCE LISTINGS NUMBER
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of La Paz County, Arizona under programs of the federal government for the year
ended June 30, 2023. The information in this Schedule is presented in accordance with the
requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance).
Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting, which is described in Note 1 to the County’s basic financial statements for the
year ended June 30, 2023. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance for all awards. Under these principles, certain types of
expenditures are not allowable or are limited as to reimbursement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10 percent de minimus indirect cost rate.
The program titles and Federal Assistance Listings numbers were obtained from the federal
or pass-through grantor or the 2023 Federal Assistance Listings.
Title: NOTE 4 INDIRECT COST
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of La Paz County, Arizona under programs of the federal government for the year
ended June 30, 2023. The information in this Schedule is presented in accordance with the
requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance).
Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting, which is described in Note 1 to the County’s basic financial statements for the
year ended June 30, 2023. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance for all awards. Under these principles, certain types of
expenditures are not allowable or are limited as to reimbursement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10 percent de minimus indirect cost rate.
The County elected to use the 10 percent de minimus indirect cost rate as covered in 2 CFR
200.414.
Title: NOTE 5 FEDERAL LOANS OUTSTANDING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of La Paz County, Arizona under programs of the federal government for the year
ended June 30, 2023. The information in this Schedule is presented in accordance with the
requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance).
Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting, which is described in Note 1 to the County’s basic financial statements for the
year ended June 30, 2023. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance for all awards. Under these principles, certain types of
expenditures are not allowable or are limited as to reimbursement. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10 percent de minimus indirect cost rate.
There are no outstanding balances for federal loan or loan guarantee programs with
continuing compliance requirements for the year ended June 30, 2023.