Notes to SEFA
The Schedule of Expenditures of Federal Awards includes the federal grant activity of Santa Fe County, New Mexico (the County). 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 of 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 accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance for all awards. Pass-thru entity identifying numbers are presented where available. The County has elected not to use the de minimis indirect cost rate as allowed under the Uniform Guidance.
The County did not provide federal awards to sub-recipients during the year ended June 30, 2025.
The following presents a reconciliation of federal expenditures to expenditures per the financial statements for the year ended June 30, 2025: Governmental funds federal grant revenue $ 1 0,973,011 Proprietary funds federal operating subsidy 4 55,238 Total expenditures per schedule of expenditures of federal awards $ 1 1,428,249