Title: General
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of
all federal awards of the County. The County’s reporting entity is defined in Note 1 to the basic financial
statements. All amounts expended directly from federal agencies as well as monies passed through
other government agencies are included on the Schedule. The accompanying Schedule is presented using the modified accrual basis of accounting, which is
described in Note 1 to the County’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards,
which is effective for new grants, issued after December 26, 2014, included changes to how indirect costs
are awarded. In an effort to relieve administrative burden, the Office of Management and Budget (OMB)
specified that non-federal entities that have never received a negotiated indirect cost rate may elect to
charge a de minimis cost rate of 10 percent of modified total direct costs, which may be used indefinitely.
The County elected not to apply the de minimis rate for fiscal year 2024.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of
all federal awards of the County. The County’s reporting entity is defined in Note 1 to the basic financial
statements. All amounts expended directly from federal agencies as well as monies passed through
other government agencies are included on the Schedule.
Title: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of
all federal awards of the County. The County’s reporting entity is defined in Note 1 to the basic financial
statements. All amounts expended directly from federal agencies as well as monies passed through
other government agencies are included on the Schedule. The accompanying Schedule is presented using the modified accrual basis of accounting, which is
described in Note 1 to the County’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards,
which is effective for new grants, issued after December 26, 2014, included changes to how indirect costs
are awarded. In an effort to relieve administrative burden, the Office of Management and Budget (OMB)
specified that non-federal entities that have never received a negotiated indirect cost rate may elect to
charge a de minimis cost rate of 10 percent of modified total direct costs, which may be used indefinitely.
The County elected not to apply the de minimis rate for fiscal year 2024.
The accompanying Schedule is presented using the modified accrual basis of accounting, which is
described in Note 1 to the County’s basic financial statements.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of
all federal awards of the County. The County’s reporting entity is defined in Note 1 to the basic financial
statements. All amounts expended directly from federal agencies as well as monies passed through
other government agencies are included on the Schedule. The accompanying Schedule is presented using the modified accrual basis of accounting, which is
described in Note 1 to the County’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards,
which is effective for new grants, issued after December 26, 2014, included changes to how indirect costs
are awarded. In an effort to relieve administrative burden, the Office of Management and Budget (OMB)
specified that non-federal entities that have never received a negotiated indirect cost rate may elect to
charge a de minimis cost rate of 10 percent of modified total direct costs, which may be used indefinitely.
The County elected not to apply the de minimis rate for fiscal year 2024.
Of the federal expenditures presented in the Schedule, the County provided no federal awards to
subrecipients during the year ended June 30, 2024.
Title: Uniform Grant Guidance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of
all federal awards of the County. The County’s reporting entity is defined in Note 1 to the basic financial
statements. All amounts expended directly from federal agencies as well as monies passed through
other government agencies are included on the Schedule. The accompanying Schedule is presented using the modified accrual basis of accounting, which is
described in Note 1 to the County’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards,
which is effective for new grants, issued after December 26, 2014, included changes to how indirect costs
are awarded. In an effort to relieve administrative burden, the Office of Management and Budget (OMB)
specified that non-federal entities that have never received a negotiated indirect cost rate may elect to
charge a de minimis cost rate of 10 percent of modified total direct costs, which may be used indefinitely.
The County elected not to apply the de minimis rate for fiscal year 2024.
The Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards,
which is effective for new grants, issued after December 26, 2014, included changes to how indirect costs
are awarded. In an effort to relieve administrative burden, the Office of Management and Budget (OMB)
specified that non-federal entities that have never received a negotiated indirect cost rate may elect to
charge a de minimis cost rate of 10 percent of modified total direct costs, which may be used indefinitely.
The County elected not to apply the de minimis rate for fiscal year 2024.
Title: Restatement
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of
all federal awards of the County. The County’s reporting entity is defined in Note 1 to the basic financial
statements. All amounts expended directly from federal agencies as well as monies passed through
other government agencies are included on the Schedule. The accompanying Schedule is presented using the modified accrual basis of accounting, which is
described in Note 1 to the County’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards,
which is effective for new grants, issued after December 26, 2014, included changes to how indirect costs
are awarded. In an effort to relieve administrative burden, the Office of Management and Budget (OMB)
specified that non-federal entities that have never received a negotiated indirect cost rate may elect to
charge a de minimis cost rate of 10 percent of modified total direct costs, which may be used indefinitely.
The County elected not to apply the de minimis rate for fiscal year 2024.
The Schedule has been restated to remove $17,990 of federal e-rate funding which is not subject to the
Uniform Guidance audit standards. Additionally, line items on the Schedule have been restated as
follows:
Expended
Originally
Reported
As
Restated
Department of the Treasury:
Pass-through payments:
Coronavirus State and Local Fiscal Recovery Fund 21.027 $ 2,916,982 $ -
Pass-through payments:
Virginia Department of Criminal Justice Services:
Coronavirus State and Local Fiscal Recovery Fund 21.027 - 220,000
Virginia Tourism Corporation:
Coronavirus State and Local Fiscal Recovery Fund 21.027 - 11,250
City of Poquoson:
Coronavirus State and Local Fiscal Recovery Fund 21.027 - 49,063
Virginia Department of Social Services:
Coronavirus State and Local Fiscal Recovery Fund 21.027 - 98,412
Virginia Department of Education:
Coronavirus State and Local Fiscal Recovery Fund 21.027 - 2,538,257
Total 21.027 $ 2,916,982 $ 2,916,982