Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards ("Schedule") includes the federal award activity of the County of Putnam, New York (“County”) 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, it is not intended to and does not present the financial position, changes in net position or cash flows of the County.
Expenditures reported on the Schedule are reported on the modified 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.
The County participates in the federally funded Home Energy Assistance Program (HEAP), administered by the U.S. Department of Health and Human Services through the New York State Office of Temporary and Disability Assistance. Under this program, eligible households receive direct benefits in the form of non-cash payments made on their behalf to energy vendors (e.g., utility companies, fuel suppliers) to offset heating and energy costs. During the year ended December 31, 2024, non-cash assistance of approximately $1,143,384 was provided to eligible households within the County under CFDA/Assistance Listing Number 93.568 – Low-Income Home Energy Assistance Program (LIHEAP). These amounts are reported as federal awards expended in the Schedule of Expenditures of Federal Awards (SEFA) in accordance with the requirements of the Uniform Guidance. Because the HEAP benefits are paid directly to vendors and not to the County or program participants, the County does not receive or disburse these funds. The amounts presented in the SEFA represent the value of benefits provided to County residents during the audit period, as determined from reports provided by the State.