Title: Note 3. Pass-Through Agencies
Accounting Policies: 1. Basis of Presentation - the accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Will County, Illinois under programs of the federal government for the year ended November 30, 2022. 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 Will County, Illinois, it is not intended to and does not present the financial position and changes in net position of Will County, Illinois. The reporting entity for the county is based upon criteria established by the Governmental Accounting Standards Board. Will County is the primary government according to GASB criteria, while the Forest Preserve District of Will County is a discretely presented component unit. Federal awards of the component unit are not included in this report. 2. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual or 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 allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. The accounting records for other grant programs are maintained on the accrual basis, i.e., when the revenue has been earned and the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
3. Pass-Through Agencies - The following identifies the pass-through agency acronyms used on the schedule of expenditures of federal awards: SBE Illinois State Board of Education. DPH Illinois Department of Public Health. DHS Illinois Department of Human Services. DCEO Illinois Department of Commerce and Economic Activity. ICJIA Illinois Criminal Justice Information Authority. DOT Illinois Department of Transportation. EMA Illinois Emergency Management Agency. NHTSA National Highway Traffic Safety Administration. HFS Illinois Department of Healthcare and Family Services. DNR Illinois Department of Natural Resources. BJA Bureau of Justice Assistance. CACI Child Advocacy Centers of Illinois.
Title: Note 4. Loan and Loan Guarantee Programs
Accounting Policies: 1. Basis of Presentation - the accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Will County, Illinois under programs of the federal government for the year ended November 30, 2022. 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 Will County, Illinois, it is not intended to and does not present the financial position and changes in net position of Will County, Illinois. The reporting entity for the county is based upon criteria established by the Governmental Accounting Standards Board. Will County is the primary government according to GASB criteria, while the Forest Preserve District of Will County is a discretely presented component unit. Federal awards of the component unit are not included in this report. 2. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual or 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 allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. The accounting records for other grant programs are maintained on the accrual basis, i.e., when the revenue has been earned and the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year ended November 30, 2022, Will County received no insurance, loans, or loan guarantees for the purpose of administering federal programs.
Title: Note 5. Noncash Payments
Accounting Policies: 1. Basis of Presentation - the accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Will County, Illinois under programs of the federal government for the year ended November 30, 2022. 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 Will County, Illinois, it is not intended to and does not present the financial position and changes in net position of Will County, Illinois. The reporting entity for the county is based upon criteria established by the Governmental Accounting Standards Board. Will County is the primary government according to GASB criteria, while the Forest Preserve District of Will County is a discretely presented component unit. Federal awards of the component unit are not included in this report. 2. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual or 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 allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. The accounting records for other grant programs are maintained on the accrual basis, i.e., when the revenue has been earned and the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year ended November 30, 2022, Will County received no non-cash assistance in regard to federal programs.