Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the cash basis of accounting. The cash basis of accounting is described in Note I of the basic financial statements. The information in this schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the de minimis indirect cost rate as allowed in the Uniform Guidance.
The Schedule of Disbursements of Federal Awards presents the activity of all applicable federal awards programs of the County. The County’s reporting entity is defined in Note I of the basic financial statements. Federal awards received directly from federal agencies, as well as awards passed through other government agencies, are included on the Schedule of Disbursements of Federal Awards.