Notes to SEFA
Title: NOTE A – BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award
activity of Delaware County (the County) under programs of the federal government for the year ended
December 31, 2024. The information on this Schedule is prepared 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). The Schedule presents only a selected
portion of the operations of the County; it is not intended to and does not present the financial position,
changes in net position, or cash flows of the County.
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement.
Title: NOTE C – INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
Title: NOTE D - SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The County passes certain federal awards received from the U.S. Treasury to other governments or notfor-
profit agencies (subrecipients). As Note B describes, the County reports expenditures of Federal
awards to subrecipients when paid in cash.
As a subrecipient, the County has certain compliance responsibilities, such as monitoring its subrecipients
to help assure they use these subawards as authorized by laws, regulations, and the provisions of contracts
or grant agreements, and those subrecipients achieve the award’s performance goals.
Title: NOTE E - COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) REVOLVING LOAN PROGRAMS
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The County has a revolving loan fund (RLF) program to provide low-interest loans to businesses to create
jobs for low to moderate income persons and to lend money to eligible persons to rehabilitate homes. The
Federal Department of Housing and Urban Development (HUD) grants money for these loans to the
County, passed through the Ohio Development Services Agency. The Schedule reports loans made and
administrative costs as disbursements on the Schedule. The County did not have any loans made or
administrative costs in 2024. The cash balance on hand in the revolving fund as of December 31, 2024 was
$127,917. Subsequent loans are subject to the same compliance requirements imposed by HUD as the
initial loans.
Title: NOTE F - MATCHING REQUIREMENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
Certain Federal programs require the County to contribute non-Federal funds (matching funds) to support
the federally funded programs. The County has met its matching requirements. The Schedule does not
include the expenditure of non-Federal matching funds.