Notes to SEFA
This schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of Drew County. The information in the 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 (the Uniform Guidance). The purpose of the Schedule is to present a summary of those activities of Drew County, Arkansas (the "County") for the year ended December 31, 2025, which have been financed by the U.S. Government ("Federal Awards"). They are not intended to and do not present the financial position, changes in net assets, or cash flows of the County.
Expenditures reported on the Schedule are reported on the 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. Drew County has elected not to use the 15 percent de minimis indirect cost rate allowed under the Uniform Guidance.