Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Salt Lake County, Utah (the County) under programs of the federal government for the year ended December 31, 2025. The information in the 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 Requirements for Federal Awards (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position, changes in financial position, or cash flows of the County.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting as described in Note 1 to the County’s basic financial statements. 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. The County has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal awards expended on the Schedule for the year ended December 31, 2025 are also reported in the County’s financial statements as program revenues on the statement of activities and as grants and contribution revenue on the statement of revenues, expenditures, and changes in fund balances except as follows: * The County received noncash vouchers in the Special Supplemental Nutrition Program for Women, Infants, and Children (Assistance Listing Number 10.557) totaling $15,812,197. Noncash vouchers are considered direct assistance to individuals and, accordingly, are not reported as revenue on the County’s financial statements; noncash vouchers are included on the Schedule. * The County operates a Brownfields Revolving Loan Fund (RLF) program capitalized with funding from the U.S. Environmental Protection Agency under Assistance Listing Number (ALN) 66.818. The County loaned $188,040 during 2025. These amounts are not reported as revenue on the County’s financial statements; loaned amounts are included on the Schedule. The outstanding loan balances under the program at December 31, 2025 were $1,432,166. * The County received interest rate subsidies of $682,172 on Build America Bonds, which are not reported on the Schedule.