Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of the County of Oswego, New York (the “County”) 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 the County, it is not intended to and does not present the financial position, changes in net position or cash flows of the County. The following notes were identified on the schedule of expenditures of federal awards: a) Includes all federal award programs of the County of Oswego, New York. The federal expenditures, if any, of the Oswego County Industrial Development Agency, the Oswego County Soil and Water District, and the Oswego County Land Bank Corporation have not been included. b) Source: Federal Assistance Listing Numbers, previously known as the Catalog of Federal Domestic Assistance. c) Pass-through entity identifying numbers are presented where available. d) Prepared under accounting principles generally accepted in the United States of America and includes all federal award programs. e) A reconciliation to the basic financial statements is available.
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. The County has not elected to use the 10 percent de minimus 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 reported expenditures.
The County is the recipient of federal financial assistance programs that do not result in cash receipts or disbursements, termed “nonmonetary programs.” New York State makes payments of benefits directly to vendors, primarily utility companies on behalf of eligible persons participating in the Low-Income Home Energy Assistance Program (ALN 93.568).