Notes to SEFA
The Schedule of Expenditures of Federal Awards includes the federal grant activity of Garfield County and is presented on the modified accrual basis of accounting. 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"). Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the general purpose financial statements.
Fair value of assistance at the time of disbursement to the recipient, or the assessed value provided by the state or federal agency, such as: Food issuances: Fair market value of food stamps at the time of receipt, or the assessed value provided by the Federal agency. Immunization incentive funds: Dollar amount of vaccines used, provided by the Federal agency.
The County does not use the 15% de minimis cost rate allowed in §200.414, Indirect (F&A) Costs, of the Uniform Guidance. Instead, the County prepares an annual cost allocation plan to allocate indirect costs.