The accompanying schedule of expenditures of federal awards includes the federal grant activity of Renville County, Minnesota (the County) under programs of the federal government for the year ended December 31, 2024. The County's reporting entity is defined in Note 1A to the County's financial statements. 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 operations of the County, it is not intended to and does not present the financial position, changes in net position or cash flows of the County.
Expenditures reported on this schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following 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.
Pass-through entity identifying numbers are presented where available.
There were no federal expenditures provided to subrecipients.
During the year ended December 31, 2024, the County did not elect to use the 10 percent de minimis indirect cost rate nor the 15 percent de minimis indirect cost rate, as applicable, allowed under the Uniform Guidance.
Expenditures reported in this schedule consist of the beginning of the year outstanding balance for the Series 2016A and 2016B Mortgage Revenue Bonds directly with United Stated Department of Agriculture (USDA). There were no loan advances during the year ended December 31, 2024. The outstanding balance at December 31, 2024 was $16,503,993
The Schedule of Expenditures of Federal Awards has been restated to include previously omitted federal expenditures of $707,727 for the Disaster Grants – Public Assistance (Presidentially Declared Disasters) program (Assistance Listing No. 97.036) and an outstanding federal loan balance of $16,885,069 for the Community Facilities Loans and Grants program (Assistance Listing No. 10.766). These amounts were inadvertently omitted from the Schedule of Expenditures of Federal Awards as originally presented.
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