Notes to SEFA
The accompanying schedule of expenditures of federal awards 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, using the modified accrual basis of accounting. Therefore, some amounts presented in this schedule may differ from amounts presented in the financial statements. 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 fund balance, or cash flows of the County. Non-cash expenditures are not included in the schedule.
Governmental fund types account for the majority of the County’s federal grant activity. Expenditures reported in the schedule of expenditures of federal awards are recognized on a modified accrual basis of accounting. Subrecipient expenditures are recorded on a cash basis. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. Non-cash expenditures are included in the footnotes to this schedule.
The County has not elected to use the 15% de minimis cost rate.
Supplemental Nutrition Assistance Program (SNAP) electronic benefit transfers of $1,215,329 are reported in the Human Services Fund and not reported in the Schedule of Expenditures of Federal Awards. SNAP benefits are provided exclusively by the electronic benefits method (EBT) and processed and determined by the State of Colorado. Therefore, SNAP benefits are not considered the County’s federal award and not reported on the County’s Schedule of Expenditures of Federal Awards.