Notes to SEFA
The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Baxter County, Arkansas under programs of the federal government for the year ended December 31, 2025. 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 Baxter County, Arkansas, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the County of Baxter, Arkansas.
Expenditures reported on the Schedule are reported on the accrual bases 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.
Baxter County, Arkansas has elected not to use the 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance.