Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The County uses a cost allocation plan.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Shiawassee, Michigan under programs of the federal government for the year ended December 31, 2024. The information in this 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). Because the Schedule presents only a selected portion of the operations of the County of Shiawassee, Michigan, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County of Shiawassee, Michigan.
Title: Summary of Significant Accounint Policies
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The County uses a cost allocation plan.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The County uses a cost allocation plan.
For purposes of charging indirect costs to federal awards, the County has elected to not to use the 10% de minimus cost rate as permitted by CFR Section 200.414 of the Uniform Guidance.
Title: Federal Financial Assistance - Road Commission Component Unit
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The County uses a cost allocation plan.
The Michigan Department of Transportation (MDOT) requires that Road Commissions report all Federal and State grants pertaining to their county. During the year ended December 31, 2024, the Federal aid received and expended by the Road Commission was $1,587,011 for contracted projects and $0 for negotiated projects. Contracted projects are defined as projects performed by private contractors paid for and administered by MDOT (they are included in MDOT’s single audit). Negotiated projects are projects where the Road Commission administers the grant and either performs the work or contracts it out. The Road Commission would be subject to single audit requirements if it expended $750,000 or more for negotiated projects.
Title: Subrecipients
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The County uses a cost allocation plan.
There were no awards passed through to subrecipients.