Reporting entity: The accompanying schedule of expenditures of federal awards (Schedule) presents the activity of federal financial assistance programs administered by the County of Fulton, New York (County), an entity as defined in the basic financial statements. The information in this Schedule is presented in accordance with requirements of the Comptroller General of the United States and the audit 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). The purpose of the Schedule is to present a summary of those activities of the County funded by the federal government or pass-through entities for the year ended December 31, 2025. For purposes of the Schedule, federal awards include assistance provided by a federal agency, directly or indirectly, in the form of grants, contracts, cooperative agreements, loans and loan guarantees, and other non-cash assistance. Pass-through programs: Where the County receives funds from a government entity other than the federal government (pass-through), the funds are accumulated based upon the Assistance Listing Number advised by the pass-through grantor. Identifying numbers, other than Assistance Listing Numbers, which may be assigned by pass through grantors, are not maintained in the County’s financial management system. Where the County has identified pass-through identifying numbers, they are included in the Schedule. Nonmonetary federal programs: The County is the recipient of a federal financial assistance program that does not result in cash receipts or disbursements, termed “nonmonetary programs.” During the year ended December 31, 2025, the County distributed $18,182,156 of food vouchers to eligible people participating in the Supplemental Nutrition Assistance Program (Assistance Listing #10.551), and $129,140,071 of medical services and goods were received by participants in the Medical Assistance Program (Assistance Listing #93.778). Such amounts are not reflected in the Schedule. New York State makes payments of benefits directly to vendors, primarily utility companies, on behalf of eligible people participating in the Low-Income Home Energy Assistance Program (Assistance Listing #93.568). Included in the amount presented on the Schedule is $3,133,128in direct payments. Relationship to financial statements: Federal award revenues are reported in the County’s financial statements as government grants. The County’s financial statements are presented using the accrual basis. The Schedule presents only a selected portion of the activities of the County. It is not intended to, and does not, present the financial position, statement of activities, or other changes in net position of the County. b. Basis of Accounting The Schedule is presented on the accrual basis of accounting, and the amounts presented are derived from the County’s general ledger. For programs with funding ceilings and caps, federal expenditures are only recorded and presented in the Schedule up to such amounts.
Expenditures for direct and indirect costs are recognized as incurred using the accrual method of accounting and in accordance with Office of Management and Budget Circular A-87, Cost Principles for State, Local and Indian Tribal Governments. Under those cost principles, certain types of expenditures are not allowable or are limited as to reimbursement. The County has not elected to use the 15% de minimis indirect cost rate as allowed under the Uniform Guidance.
Matching costs (i.e., the County’s share of certain program costs) are not included in the Schedule.