Notes to SEFA
Title: NOTE 1. BASIS OF PREPARATION
Accounting Policies: See attached.
De Minimis Rate Used: Y
Rate Explanation: Auditee used the de minimus cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Clinch County, Georgia (the “County), and is presented on the modified accrual basis of accounting. 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. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: NOTE 2. DE MINIMIS INDIRECT COST RATE
Accounting Policies: See attached.
De Minimis Rate Used: Y
Rate Explanation: Auditee used the de minimus cost rate.
The County chose to use the ten percent de minimis cost rate for the year ending July 31, 2024.
Title: NOTE 3. NON-CASH AWARDS
Accounting Policies: See attached.
De Minimis Rate Used: Y
Rate Explanation: Auditee used the de minimus cost rate.
The County did not receive non-cash federal awards during the year ending July 31, 2024.