Notes to SEFA
Title: Reconciliation to Schedule of Intergovernmental Revenue
Accounting Policies: Reporting EntityThe Schedule of Expenditures of Federal Awards presents the activities of federal award programs expended by Watonwan County. The Countys reporting entity is defined in Note 1 to the financial statements.Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Watonwan County under programs of the federal government for the year ended December 31, 2022. 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 Watonwan County, it is not intended to and does not present the financial position or changes in net position of Watonwan County.Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Reconciliation to Schedule of Intergovernmental RevenueFederal grant revenue per Schedule of Intergovernmental Revenue$ 3,945,694Grants received more than 60 days after year-end, unavailable in 2022Community-Based Child Abuse Prevention Grants (AL No. 93.590)3,600Unavailable in 2021, recognized as revenue in 2022Temporary Assistance for Needy Families (AL No. 93.558)(25,952)Community-Based Child Abuse Prevention Grants (AL No. 93.590)(158)John H. Chafee Foster Care Program for Successful Transition to Adulthood (AL No. 93.674)(4,975)Childrens Health Insurance Program (AL No. 93.767)(399)Expenditures per Schedule of Expenditures of Federal Awards$ 3,917,810