Notes to SEFA
Accounting Policies: Purpose of the scheduleThe accompanying Schedule of Expenditures of Federal Awards is a supplementary schedule to the countysfinancial statements and is presented for purposes of additional analysis. Because the schedule presentsonly a selected portion of the activities of the county, it is not intended to and does not present the financialposition or changes in fund balances of the county.Significant accounting policiesBasis of presentationThe information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance).Federal financial assistancePursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a federalagency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loanguarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly, non-monetaryfederal assistance, including federal surplus property, is included in federal financial assistance and,therefore, is reported on the schedule, if applicable. Federal financial assistance does not include directfederal cash assistance to individuals. Solicited contracts between the state and federal government forwhich the federal government procures tangible goods or services are not considered to be federal financialassistance.Major programsThe Uniform Guidance establishes criteria to be used in defining major federal financial assistance programs.Major programs for the county are those programs selected for testing by the auditor using a risk-assessmentmodel, as well as certain minimum expenditure requirements, as outlined in the Uniform Guidance. Programswith similar requirements may be grouped into a cluster for testing purposes.Reporting entityThe reporting entity is fully described in the notes to financial statements. The schedule includes all federalprograms administered by the county for the year ended June 30, 2022.Revenue and expenditure recognitionThe receipt and expenditure of federal awards are accounted for using the modified accrual basis ofaccounting. Revenues are recognized when measurable and available. Expenditures are recorded when aliability is incurred.Indirect Cost RateThe county has not elected to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.