Notes to SEFA
For the financial reporting purposes, the reporting entity of the County of Bedford, as defined in Note 1 to the financial statements, incorporates several discretely presented component units. Since the County does not process transactions or maintain control systems for these component units, the Schedule of Expenditures of Federal Awards excludes the discretely presented component units. The excluded component units are comprised of the following: • Bedford County Industrial Development Authority • Bedford County Visitors Bureau • Bedford County Airport Authority Where applicable, a separate Single Audit report has been issued by the individual component unit.
Basis of Accounting The Schedule of Expenditures of Federal Awards have been prepared on a basis consistent with that used in the preparation of the basic financial statements. As described in Note 1 to the financial statement, the modified accrual basis of accounting is used. 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 County of Bedford, it is not intended to and does not present the financial position, changes in net assets or cash flows of County of Bedford. Indirect Costs The County did not elect to use the 10% de minimus indirect cost rate. Federal Loan Guarantee Programs The County of Bedford did not have any federal loan guarantee programs to report for the year ended December 31, 2024, as described in 2 CFR section 200.502(b).
The County of Bedford provided federal awards to subrecipients, which administer the programs on behalf of the County, as follows:
The County of Bedford participated in two (2) joinder operation in which two (2) or more counties pool their resources for the administration of a specific program: • Bedford-Somerset Developmental & Behavioral Health Services • Huntingdon-Bedford-Fulton Area Agency on Aging Additional information on the joinder operations can be found in Note 1 in the Notes to the Financial Statements.