Notes to SEFA
The Schedule of Expenditures of Federal Awards includes the federal grant activity of Eagle 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.
Commodities: Fair market value of commodities at the time of receipt, or the assessed value provided by the Federal agency. 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.
The County had the following direct loan balances outstanding at December 31, 2025: Program Title, Rural Rental Housing Loans; Federal ALN number, 10.415; Balance of Direct Loans, $1,239,268
Negative amounts shown on the Schedule of Expenditures of Federal Awards represent adjustments made in the normal course of business to amounts reported as expenditures in prior years.