Notes to SEFA
This schedule is prepared on the same basis of accounting as Skagit County’s financial statements. Skagit County, in compliance with generally accepted accounting practices, uses modified accrual accounting for government funds and accrual accounting for proprietary funds.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including Skagit County’s portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Skagit County has not elected to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance. The amount expended includes a percentage claimed as an indirect cost recovery using an approved indirect cost rate. These rates are as shown below: (a) 10%, (b) 17.61%, (c) 18.24%, (d) 22.36%, (e) 24.29%, (f) other, per grant agreement
The amount of vouchers reported on the schedule is the value of food vouchers received by Skagit County during the current year and priced as prescribed by the Department of Agriculture.