Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Davis County under programs of the federal government for the year ended December 31, 2024. 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Davis County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Davis County.
a. 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 allowed or are limited as to reimbursement. b. Davis County has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. c. Pass-through entity identifying numbers are presented where available.
Noncash federal awards represent commodities consumed during the year, expressed at market value. The State estimates the per unit fair market value of these commodities. Noncash federal financial assistance is calculated by multiplying the per unit fair market value by the net commodities consumed.
Total grant revenue reported in the financial statements may differ from the total expenditures reported on the Schedule of Expenditures of Federal Awards (SEFA) due to timing differences, treatment of non-Federal awards, and specific reporting exemptions. The following schedule reconciles total grant revenue per the financial statements to total Federal expenditures reported on the SEFA for the year ended December 31, 2025 as detailed in the table.