Title: REPORTING ENTITY
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards for all awards. Under these principles certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Freeborn County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule of expenditures of federal awards presents the activities of federal award programs expended by Freeborn County. The County’s reporting entity is defined in Note 1 to the financial statements.
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards for all awards. Under these principles certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Freeborn County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Freeborn County under programs of the federal government for the year ended December 31, 2024. The information in the schedule is presented 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) from the Office of Management of Budget (OMB). Because the schedule presents only a selected portion of the operations of Freeborn County, it is not intended to and does not present the financial position or changes in net position of Freeborn County.
Title: RECONCILIATION TO SCHEDULE OF INTERGOVERNMENTAL REVENUE
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards for all awards. Under these principles certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Freeborn County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal grant revenue per Schedule of Intergovernmental Revenue (Exhibit D-1) $ 4,533,911
Unavailable in 2023, recognized as revenue in 2024:
WIC Special Supplemental Nutrition Program for Women, Infants
and Children (AL #10.557) (1,560)
State Administrative Matching Grants for the Supplemental Nutrition Assistance Program (AL #10.561) (5,260)
Public Health Emergency Response: Cooperative Agreement for Emergency
Response: Public Health Crisis Response (AL #93.354) (20,973)
MaryLee Allen Promoting Safe and Stable Families Program (AL #93.556) (1,452)
Refugee and Entrant Assistance State/Replacement Designee Administered Programs (AL#93.566) (110)
Community-Based Child Abuse Prevention Grants (AL #93.590) (1,994)
Stephanie Tubbs Jones Child Welfare Services Program (AL #93.645) (1,445)
Foster Care-Title IV-E (AL #93.658) (1,934)
Medical Assistance Program (AL #93.778) (95,536)
Children's Health Insurance Program (AL #93.767) (101)
Grants received more than 45 days after year-end, unavailable in 2024:
State Administrative Matching Grants for the Supplemental Nutrition Assistance Program (AL #10.561) 77,274
Crime Victims Assistance (AL #16.575) 10,340
MaryLee Allen Promoting Safe and Stable Families Program (AL #93.556) 792
Temporary Assistance for Needy Families (AL #93.558) 136,129
Refugee and Entrant Assistance State/Replacement Designee Administered Programs (AL#93.566) 853
Child Support Services (AL #93.563) 102,457
Stephanie Tubbs Jones Child Welfare Services Program (AL #93.645) 1,412
Foster Care-Title IV-E (AL #93.658) 75,323
Children's Health Insurance Program (AL #93.767) 315
Expenditures per Schedule of Expenditures of Federal Awards (Exhibit D-2) $ 4,808,441