Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of San Juan County ("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 Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awads (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the County, it is not intended and does not present financial positions of changes in net position of the County.
Expenditures reported on the Schedule are reported on the modified 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. Negative amounts, if any, shown ont he Schedule represnts adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The county has elected to use the 15-percent de minimis indirect cost rate allowed under the Uniform Guidance.
For the year ending June 30, 2025, the county had no subrecipients of federal awards and no loan or loan guarantee programs.
The following is a reconciliations of the expenditures reported in the schedules of expenditures of federal awards to the expenditures reported in the financial statements for the County: See the Notes to the Sefa for chart/table