Notes to SEFA
Governmental fund types account for the County’s federal grant activity. Therefore, expenditures in the schedule of expenditures of federal awards are recognized on the modified accrual basis-when they become a demand on current available financial resources. The County's summary of significant accounting policies is presented in Note 1 in the County's basic financial statements.
The County does not draw for indirect administrative expenses, and has not elected to use the 10% de minimus cost rate.