Notes to SEFA
Title: Note 4. Relationship to General Purpose Financial Statements
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of YellowstoneCounty, Montana (County) under programs of the federal government for the year ended June 30, 2022. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only aselected portion of the operations of the County, it is not intended to and does not present the financial position, changes in netposition, or cash flows of the County. Therefore, some amounts presented in this schedule may differ from amounts presented in, orused in the preparation of, the basic financial statements. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10 percent minimis indirect cost rate in Sec. 200.414 Indirect Costs under Uniform Guidance.
Federal awards revenues are reported in the County's general purpose financial statements as follows: see table on PDF page 178
Title: Note 5. Matching Funds
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of YellowstoneCounty, Montana (County) under programs of the federal government for the year ended June 30, 2022. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only aselected portion of the operations of the County, it is not intended to and does not present the financial position, changes in netposition, or cash flows of the County. Therefore, some amounts presented in this schedule may differ from amounts presented in, orused in the preparation of, the basic financial statements. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10 percent minimis indirect cost rate in Sec. 200.414 Indirect Costs under Uniform Guidance.
In accordance with the terms of the grants, the County has expended cash and in-kind matching contributions during the year ended June 30, 2022 for the following programs: see table on PDF page 179