The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes thefederal award activity of Shelby County, Tennessee (the “County”) under programs of the federalgovernment for the year ended June 30, 2025. The information in this Schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative 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 notintended to and does not present the financial position, changes in net position, or cash flows ofShelby County, Tennessee.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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 shown on the Schedule represent adjustments or credits made in the normalcourse of business to amounts reported as expenditures in prior years.
The County has not elected to use the 10% de minimis indirect cost rate allowed under the UniformGuidance.
The County did not receive any noncash assistance (such as food commodities or donatedproperty) during the year ended June 30, 2025.
The County did not have any loan or loan guarantee programs outstanding subject to thereporting requirements of the Uniform Guidance as of June 30, 2025
Of the federal expenditures presented in the Schedule, the County provided certain federalawards to subrecipients. These amounts are disclosed in the accompanying Schedule in the“Passed to Subrecipients” column.
Federal expenditures reported on the Schedule are derived from the County’s accountingrecords and have been reconciled, where applicable, to the underlying financial statements.
Reconciliation Totals per schedule of expenditures $ 121,984,436 Add: Other revenues in grant fund 3,159,680 Add: Local grants not shown on this schedule 1,224,278 Total grant fund revenues $ 126,368,394