Notes to SEFA
The accompany Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance programs of Park County, Colorado primary government (the County). The County’s reporting entity is defined in Note 1 to the County’s basic financial statements. All federal assistance received by the primary government directly from federal agencies, as well as federal financial assistance passed through other government agencies and not-for-profit organizations, including the State of Colorado, is included on the schedule. In addition, federal financial assistance awarded directly to eligible County Social Services recipients via Electronic Benefits Transfer (EBT) is also included in the schedule. The State of Colorado issues EBT to the eligible County recipients. Only the federal amount of such pass-through awards and EBT is included in the schedule.
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 Park, County, Colorado, it is not intended to and does not present the financial position of the operations of Park County, Colorado, and it is not intended to and does not present the financial position, changes in net assets, or cash flows of Park County, Colorado.
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 allowable or are limited as to reimbursement.
Park County, Colorado has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Certain federal assistance programs do not involve cash awards of the County. Of the federal expenditures presented in the accompanying schedule of expenditures of federal awards, noncash award programs include the following: Special Supplemental Nutrition Program for Women, Infants, and Children CFDA No. 10.557 $97,728