Notes to SEFA
Title: RECONCILIATION OF THE SCHEDULE OF EXPENDITURES TO THE FINANCIAL STATEMENT
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state grant activity of Shelby County, Tennessee (the County) under programs of the federal and state government for the year ended June 30, 2022 (the Shelby County Health Care Corporation and the Shelby County Board of Education, component units of the County, issue separate financial reports and are not included in the Schedule). 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 the County, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following is a reconciliation of expenditures per the schedule of expenditures of federal awards and state financial assistance to the revenues in the grant fund, per the Countys financial statements: Totals per schedule of expenditures $207,520,977 Less: Grant revenues in non-grant funds (316,041) Add: Local grants not shown on this schedule 4,677,712 Add: Other revenues in grant fund 1,310,491 Total grant fund revenues $213,193,139.