Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of Lake County, Michigan, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements, which are reconciled in Note 3.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance for awards executed on or before September 30, 2024 and also has not elected to use the 15-percent de minimis indirect cost rate allowed under Uniform Guidance for awards executed on or after October 1, 2024.
The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of Lake County, Michigan, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements, which are reconciled in Note 3. The County has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance for awards executed on or before September 30, 2024 and also has not elected to use the 15-percent de minimis indirect cost rate allowed under Uniform Guidance for awards executed on or after October 1, 2024.
Title: SUMMARY OF SIGNIFICANT EXPLANATIONS OF SCHEDULE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of Lake County, Michigan, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements, which are reconciled in Note 3.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance for awards executed on or before September 30, 2024 and also has not elected to use the 15-percent de minimis indirect cost rate allowed under Uniform Guidance for awards executed on or after October 1, 2024.
The following descriptions identified below as (a) - (b) represent explanations that cross reference to amounts on the Schedule of Expenditures of Federal Awards:
a.
Reimbursement of these contracts is passed through the State Department of Health and Human Services (DHHS). The amounts reported on the Schedule of Expenditures of Federal Awards represent the Federal portion of the respective amounts based on 66% of Title IV-D eligible expenditures for the applicable grants. The entire amount paid by DHHS for the reimbursed expenditures is considered Federal.
b.
The reimbursements for the IV-D Incentive Payments Program are based on support payments collected. Expenditures have been reported to the extent of earned revenues and are 100% Federal.
Title: RECONCILIATION TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of Lake County, Michigan, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements, which are reconciled in Note 3.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance for awards executed on or before September 30, 2024 and also has not elected to use the 15-percent de minimis indirect cost rate allowed under Uniform Guidance for awards executed on or after October 1, 2024.
The following reconciles the intergovernmental revenues reported in the December 31, 2024, basic financial
statements to the expenditures of the County administered federal programs reported on the Schedule of
Expenditures of Federal Awards:
Federal/ Less
State State Federal
Revenue Revenue Adjustments Expenditures
PRIMARY GOVERNMENT
GENERAL FUND
Economic Adjustment Assistance $ 189,332 $ - $ - $ 189,332
Forest Service Schools and Roads Clusters 192,694 - - 192,694
Coronavirus State and Local Fiscal Recovery Funds 258,921 - - 258,921
Foster Care - Title IV-E 3,841 - - 3,841
Emergency Management Performance Grants 5,114 - - 5,114
Other programs 216,492 ( 216,492) - -
TOTAL GENERAL FUND 866,394 ( 216,492) - 649,902
OTHER MAJOR FUNDS
Sherriff Road Patrol
Cooperative Law Enforcement Operating & Financial Plan 7,650 - - 7,650
Edward Byrne Memorial Justice Assistance Grant Program 20,000 - - 20,000
Boating Safety Financial Assistance 9,700 - - 9,700
Other grants 61,003 (61,003) - -
Total Sheriff Road Patrol 98,353 (61,003) - 37,350
NONMAJOR GOVERNMENTAL FUNDS
Cooperative Reimbursement - Friend of the Court 197,400 - - 197,400
Federal Incentive Payments - FOC 7,909 - - 7,909
Public Safety Partnership and Community Policing Grants 101,748 - - 101,748
Other grants 1,495,170 (1,495,170) - -
TOTAL NONMAJOR GOVERNMENTAL FUNDS 1,802,227 (1,495,170) - 307,057
TOTAL PRIMARY GOVERNMENT $ 2,766,974 $ (1,772,665) $ - $ 994,309