Notes to SEFA
Title: Note 2 thru Note 5
Accounting Policies: NOTE 1 Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Jefferson County Comprehensive Services, Inc. and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.Federal programs in titles are reported as presented in the Catalog of Federal Domestic Assistance (CFDA), whenever possible. Jefferson County Comprehensive Services, Inc. elected to use the 10% de minimis cost rate as covered in 200.414 Indirect (F&A) costs.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
NOTE 2 Sub-recipientsOf the federal expenditures presented in the schedule, Jefferson County Comprehensive Services, Inc. provided no federal awards to sub-recipients.NOTE 3 Non-Cash AssistanceJefferson County Comprehensive Services, Inc. received no non-cash assistance during the year ended June 30, 2022.NOTE 4 Loans OutstandingJefferson County Comprehensive Services, Inc. had no loans outstanding as of June 30, 2022.NOTE 5 Insurance CoverageSignificant losses are covered by commercial insurance for all major programs: property, liability, and workers compensation. During the year ended June 30, 2022, there were no significant reductions in coverage. Also, there have been no settlement amounts which have exceeded insurance coverage in the past three years.