Notes to SEFA
Title: Note 1 Reporting Entity
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) for all awards. Under these principles, 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.
The Schedule of Expenditures of Federal Awards presents the activities of federal awardprograms expended by Wright County. The Countys reporting entity is defined in Note 1.A. to the financial statements.
Title: Note 2 Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) for all awards. Under these principles, 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.
The accompanying schedule of expenditures of federal awards includes the federal awardactivity of the County under programs of the federal government for the year endedDecember 31, 2022. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance) from the Office of Management and Budget (OMB). Because the schedulepresents only a selected portion of the operations of the County, it is not intended to anddoes not present the financial position, changes in net position, or cash flows of the County.
Title: Note 4 Reconciliation to Schedule of Intergovernmental Revenue
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) for all awards. Under these principles, 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.
Federal Grant Revenue per Schedule of Intergovernmental Revenue $ 13,377,362Grants Received More than 60 days after Year-End, Unavailable in 2022:MaryLee Allen Promoting Safe and Stable Families Program 3,744Community-Based Child Abuse Prevention Grants 6,674Stephanie Tubbs Jones Child Welfare Services Program 5,737Chafee Foster Care Independent Living 1 2,931Grants Unavailable in 2021, Recognized as Revenue in 2022:Community-Based Child Abuse Prevention Grants (6,820)Stephanie Tubbs Jones Child Welfare Services Program (261,783)Expenditures per Schedule of Expenditures of Federal Awards $ 13,137,845