Audit 39081

Accounting Policies: NOTE A - SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the 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.NOTE B - BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the County of Franklin under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of the 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 assets, or cash flows of the County.1.REPORTING ENTITYThe accompanying Schedule of Expenditures of Federal Awards presents the activity of federal financial assistance programs administered by Franklin County, New York, an entity as defined in the financial statements, except that it does not include the federal financial assistance programs, if any, of the Franklin County Industrial Development Agency.2.PASS-THROUGH PROGRAMSWhere the County of Franklin receives funds from a government entity other than the federal government ("pass-through"), the funds are accumulated based upon the Assistance Listing Numbers (previously known as the Catalog of Federal Domestic Assistance ("CFDA") number) advised by the pass-through grantor. Identifying numbers, other than assistance listing numbers, which may be assigned by pass-through grantors, are not maintained in the County's financial management system.3.NONMONETARY FEDERAL PROGRAMSThe County is the recipient of federal financial assistance programs that do not result in cash receipts or disbursements, termed "non-monetary programs". During the fiscal year ended December 31, 2022, Franklin County distributed over $21.4 million worth of food stamps to eligible persons participating in the Food Stamps Program (Assistance Listing Number 10.561). This amount is not included in the schedule of expenditures of federal awards, only the portion for administrative reimbursement and emergency are includedIn 2008, the State started to pay for all regular HEAP payments to individuals instead of the County. For 2022, the State paid $7,582,158 in HEAP benefits to eligible directly Franklin County residents. This amount is included in the schedule of expenditures of federal awards.NOTE C - INDIRECT COSTS / INDIRECT COST RATEIndirect costs are included in the reported expenditures to the extent such costs are included in the federal financial reports used as the source for the data presented. The County did not elect to use the 10 per cent de minimum indirect cost rate as permitted under Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). NOTE D - MATCHING COSTSMatching costs, i.e., the County of Franklin's share of certain program costs, are not included in the Schedule of Expenditures of Federal Awards. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.