Notes to SEFA
NOTE 1. BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Fairfield County (the “County”) under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting - Expenditures reported on the Schedule are reported on the modified accrual basis of accounting.
NOTE 3. INDIRECT COST RATE The County has elected not to use the 10 percent de Minimis indirect cost rate allowed under the Uniform Guidance.
NOTE 4. SUBRECIPIENTS The County did not have subrecipients during the fiscal year ended June 30, 2025.