Notes to SEFA
Accounting Policies: NOTE 1. BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federalgrant activity of Fairfield County (the County) under programs of the federal government for theyear ended June 30, 2022. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Therefore, some amounts presented in the Schedule may differ from amounts presented in, or usedin the preparation of, the basic financial statements.NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESBasis of Accounting - Expenditures reported on the Schedule are reported on the modified accrualbasis of accounting.NOTE 3. INDIRECT COST RATEThe County has elected not to use the 10 percent de Minimis indirect cost rate allowed under theUniform Guidance.NOTE 4. SUBRECIPIENTSThe County did not have subrecipients during the fiscal year ended June 30, 2022.NOTE 5. DISASTER GRANTS - PUBLIC ASSISTANCE PRESIDENTIAL DECLAREDDISASTERStafford Act funds are reported when the funds are approved by the Department of HomelandSecurity (DHS)/FEMA. Accordingly, $73,994 included in the Schedule were costs incurred in aprevious fiscal year.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.