Notes to SEFA
Title: PA Department of Community and Economic Development: Federal Funds Received
Accounting Policies: The County of Pike, Pennsylvania (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements. For purposes of preparing the Schedule of Expenditures of Federal Awards, the County's reporting entity differs from that used for financial purposes, in that awards received and expended, if any, by the follow entity is excluded: Pike County Conservation District. Direct awards pertaining to this entity have been excluded from the accompanying schedule of expenditures of federal awards principally because the County is not directly involved in maintaining the accounting records for the entity. Where applicable, the entity has arranged for the issuance of a separate Single Audit Report containing their audited financial statements and schedule of expenditures of federal awards and all required audit reports. Except as indicated above, the accompanying Schedule of Federal Awards presents the activity of all federal award programs of the County. The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the County's financial statements. The County did not use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following is a list of federal funds received by the County from the PA Department of Community and Economic Development for the year ended December 31, 2022: CDBG Program - #C0000069011 - $19,444, CDBG Program - #C0000071793 - $18,576, CDBG Program - #C0000075225 - $97,970, CDBG Program - #C0000077648 - $67,876.