Title: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all
federal awards programs administered by the County, an entity as defined in Note 1 to the
County's basic financial statements. Federal awards received directly from federal agencies,
as well as federal awards passed through from other government agencies, are included on
the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the
federal financial reports used as the source for the data presented. The County has not elected
to use the 10% de minimus indirect cost rate allowed under Uniform Guidance.
The basis of accounting varies by federal program consistent with the underlying regulations
pertaining to each program. The amounts reported as federal expenditures generally were
obtained from the appropriate federal financial reports for the applicable program and
periods. The amounts reported in these federal financial reports are prepared from records
maintained for each program. These records are periodically reconciled to the general ledger
which is the source of the basic financial statements.
Title: Matching Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all
federal awards programs administered by the County, an entity as defined in Note 1 to the
County's basic financial statements. Federal awards received directly from federal agencies,
as well as federal awards passed through from other government agencies, are included on
the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the
federal financial reports used as the source for the data presented. The County has not elected
to use the 10% de minimus indirect cost rate allowed under Uniform Guidance.
Matching costs (for example, the County's share of certain program costs) are not included
in the reported expenditures.
Title: Department of Social Services - Administrative Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all
federal awards programs administered by the County, an entity as defined in Note 1 to the
County's basic financial statements. Federal awards received directly from federal agencies,
as well as federal awards passed through from other government agencies, are included on
the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the
federal financial reports used as the source for the data presented. The County has not elected
to use the 10% de minimus indirect cost rate allowed under Uniform Guidance.
Differences between the amounts reflected in the Schedule of Expenditures of Federal
Awards and the Department of Social Services' Federal Financial Reports (RF-2 claims) are
due to the allocation of administrative costs to the individual programs.
Title: Expenditures of Federal Revenue
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all
federal awards programs administered by the County, an entity as defined in Note 1 to the
County's basic financial statements. Federal awards received directly from federal agencies,
as well as federal awards passed through from other government agencies, are included on
the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the
federal financial reports used as the source for the data presented. The County has not elected
to use the 10% de minimus indirect cost rate allowed under Uniform Guidance.
The County operates a revolving loan program utilizing federal financial assistance received
under current and prior Community Development Block Grants (CDBG). Loans
outstanding at December 31, 2024 under these programs, reported as part of loans
receivable in the County's basic financial statements, are as follows:
Loans Receivable - Economic Development $6,039
One new loan was disbursed during the year for $55,500, and loan repayments totaling
$70,204 were made during the year from economic development loans. No economic
development loans were written off in 2024. The balance at January 1, 2024 was $13,969.
Title: Other Disclosures
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all
federal awards programs administered by the County, an entity as defined in Note 1 to the
County's basic financial statements. Federal awards received directly from federal agencies,
as well as federal awards passed through from other government agencies, are included on
the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the
federal financial reports used as the source for the data presented. The County has not elected
to use the 10% de minimus indirect cost rate allowed under Uniform Guidance.
Expenditures for Low-Income Home Energy Assistance #93.568 include $153,438
administered by NYS Office of the State Comptroller but expended by the County.