Notes to SEFA
Title: Relationship to Financial Statements
Accounting Policies: The accompanying Schedule is presented using the modified accrual basis of accounting for governmental funds, which is described in Note 1 to the County's basic financial statements. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimus cost rate.
Federal expenditures are reported in the County's basic financial statements as follows: Federal Fund Expenditures Primary Government Activities General Fund $12,698,962; County Capital Projects Fund $30,060,929; Vehicles and Communication- Internal Service Fund $69,100; Non-major-Children's Services Fund $190,444; Non-major Grants Fund $16,628,230; Non-major Mental Health Fund $1,005,403; Total Governmental Activities $60,653,068; Business-type Activities Water Fund $2,577,132; Business-Type Activities Wastewater Fund $13,637; Non-major-Airport Fund $582,788; Total Business-type Activities $3,173,557; Total Primary Government $63,826,625 ; Component Unit Governmental Activities School Operating Fund $90,444,307; Total $154,270,932.
Title: Note 1 - General
Accounting Policies: The accompanying Schedule is presented using the modified accrual basis of accounting for governmental funds, which is described in Note 1 to the County's basic financial statements. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimus cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all Federal assistance programs of the primary government and the School Board.