Notes to SEFA
Title: Note 4 – Federal Indirect Cost Rate(s)
Accounting Policies: Note 1 – Basis of Accounting
This Schedule is prepared on the same basis of accounting (describe if not the same basis) as the Pierce County financial statements. The County uses the modified accrual basis of accounting the governmental financial statements.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Federal De Minimis Indirect Cost Rate
The County has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount expended includes $6,548,570 claimed as an indirect cost recovery using an approved indirect cost rate based on the grant.
Title: Note 8 – Program Costs
Accounting Policies: Note 1 – Basis of Accounting
This Schedule is prepared on the same basis of accounting (describe if not the same basis) as the Pierce County financial statements. The County uses the modified accrual basis of accounting the governmental financial statements.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Federal De Minimis Indirect Cost Rate
The County has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the County’s portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.