Notes to SEFA
The Clark County Department of Aviation, Clark County, Nevada, (the Department), the reporting entity, is a single enterprise fund of Clark County; the seven member Clark County Board of Commissioners serves as the Department’s governing body. The accompanying schedule of expenditures of federal awards presents the expenditures activity of all federal awards programs of the Department for the year ended June 30, 2025. All expenditures of federal awards are included in the schedule. 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).
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Department and is prepared on the accrual basis of accounting. Such expenditures are recognized following the cost principles 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 allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Department’s summary of significant accounting policies is presented in Note 1 in the Department’s comprehensive annual financial report. The Department has not elected to use the 10 percent de minimis cost rate.
The Department did not have any subrecipient activity for the period of July 1, 2024 through June 30, 2025.