Audit 51170

Accounting Policies: 1.Reporting EntityThe schedule of expenditures of federal awards presents the activities of federal award programs expended by Becker County and the Becker County Economic Development Authority (EDA), a component unit of the County. For the year ended December 31, 2022, the level of federal funding for the Becker County EDA did not require a separate single audit to be performed for the component unit. The schedule does not include the federal expenditures of the Sunnyside Side Care Center enterprise fund which issues a stand-alone financial statement. The Countys reporting entity is defined in Notes 1 and 6 to the financial statements.2.Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Becker County under programs of the federal government for the year ended December 31, 2022. 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 Becker County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Becker County.3.Summary of Significant Accounting PoliciesExpenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, for all awards. Under the Uniform Guidance, certain types of expenditures are not allowable or are limited as to reimbursement. Becker County has elected to not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.4.SubrecipientsBecker County did not pass federal funds to subrecipients.5.Reconciliation to the Schedule of Intergovernmental Revenue:Federal Grant Revenue per Schedule of Intergovernmental Revenue:$13,297,248Expenditures above, not included as revenues on the Schedule of Intergovernmental Revenues 26,318 Revenues included on the Schedule of Intergovernmental Revenue that are not considered Federal Grant Expenditures (98,485)Expenditures per the Schedule of Expenditures of Federal Awards $13,225,081 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.