Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The SEFA is presented in accordance with accounting principles generally accepted in the United States of America and is derived from the County’s general ledger. Federal expenditures are recorded when an allowable cost is incurred under the applicable program and is due and payable. For programs with funding ceilings and caps, federal expenditures are only recorded and presented in the SEFA up to such amounts.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
Pass-Through Programs
Where the County of Madison, New York (the County) receives funds from a government entity other than the federal government (pass-through), the funds are accumulated based upon the Assistance Listing number when advised by the pass through grantor. Identifying numbers, other than Assistance Listing numbers, which may be assigned by pass-through grantors, are not maintained in the County’s financial management system. County management has identified certain pass-through identifying numbers and included them in the schedule of expenditures of federal awards (SEFA).
Non-Monetary Federal Programs
The County is awarded financial assistance programs that do not result in cash receipts or disbursements, termed “non-monetary programs.” During the fiscal year ended December 31, 2024, the County distributed $91,216,211 of medical services and goods that were received by participants in the Medical Assistance Program (AL# 93.778), and $3,823,051 of energy assistance to eligible persons under the Low-Income Home Energy Assistance Program (AL#93.568), as listed in the accompanying schedule.
Title: BASIS OF ACCOUNTING
Accounting Policies: The SEFA is presented in accordance with accounting principles generally accepted in the United States of America and is derived from the County’s general ledger. Federal expenditures are recorded when an allowable cost is incurred under the applicable program and is due and payable. For programs with funding ceilings and caps, federal expenditures are only recorded and presented in the SEFA up to such amounts.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The SEFA is presented in accordance with accounting principles generally accepted in the United States of America and is derived from the County’s general ledger. Federal expenditures are recorded when an allowable cost is incurred under the applicable program and is due and payable. For programs with funding ceilings and caps, federal expenditures are only recorded and presented in the SEFA up to such amounts.
Title: INDIRECT COSTS
Accounting Policies: The SEFA is presented in accordance with accounting principles generally accepted in the United States of America and is derived from the County’s general ledger. Federal expenditures are recorded when an allowable cost is incurred under the applicable program and is due and payable. For programs with funding ceilings and caps, federal expenditures are only recorded and presented in the SEFA up to such amounts.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
Indirect costs are included in the reported expenditures to the extent such costs are included in the federal financial reports used as the source for the data presented. The County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: MATCHING COSTS
Accounting Policies: The SEFA is presented in accordance with accounting principles generally accepted in the United States of America and is derived from the County’s general ledger. Federal expenditures are recorded when an allowable cost is incurred under the applicable program and is due and payable. For programs with funding ceilings and caps, federal expenditures are only recorded and presented in the SEFA up to such amounts.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
Matching costs (i.e., the County’s share of certain program costs) are not included in the schedule of expenditures of federal awards.