Audit 36448

Accounting Policies: Note 1. Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Clay County, Missouri (County) for the year ended December 31, 2022. All federal awards received directly from federal agencies as well as those awards that are passed through other governmental agencies and expended during the year are included on the schedule of expenditures of federal awards. The information in this schedule is presented in accordance with the requirements of the OMB Compliance Supplement and the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. Note 2. Significant Accounting Policies Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principals contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. Note 3. Local Government Contributions. Local cost sharing, as defined by Title 2 U.S. Code of Federal Regulations Part 200, is required by certain federal grants. The amount of cost sharing varies with each program. Only the federal share of expenditures is presented in the Schedule of Expenditures of Federal Awards. Note 4. Additional Audits. Grantor agencies reserve the right to conduct additional audits of the County's grant programs for economy and efficiency and program results which may result in disallowed costs to the County. However, management does not believe such audits would result in any disallowed costs that would be material to the County's financial position at December 31, 2022. Note 5.Indirect Cost Rate. The County elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, with the exception of those grants awarded through the Department of Health and Human Services. Note 6. Subrecipients. During the year ended December 31, 2022, $2,297,378 of federal awards were passed through to subrecipients. De Minimis Rate Used: Both Rate Explanation: The County elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, with the exception of those grants awarded through the Department of Health and Human Services.