Title: Summary of Significant Accounting Policies
Accounting Policies: A. BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the "Schedule of SEFA)includes the federal award activity of Stafford County under programs of the federal governmentfor the year ended June 30, 2022. The information in this Schedule is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the Schedule presents only a selected portion of the operationsof Stafford County, it is not intended to and does not present the financial position, changes innet assets, or cash flows of Stafford County.Federal Financial Assistance The Singe Audit Act Amendments of 1996 (Public Law 104-156)and the Uniform Guidance define federal financial assistance as grants, loans, loan guarantees,property (including donated surplus property), cooperative agreements, interest subsidies,insurance, food commodities, direct appropriations or other assistance. Nonmonetary deferralassistance including food commodities is considered federal assistance and, therefore, isreported on the Schedule. Federal financial assistance does not include direct federal cashassistance to individuals.Direct Payments Assistance received directly from the Federal government is classified asdirect payments on the SEFA.Pass Through Payments Assistance received in a pass through relationship from entitiesother than the Federal government is classified as pass through payments on the SEFA.Major Programs The Single Audit Act Amendments of 1996 and the Uniform Guidanceestablish the criteria to be used in defining major programs. Major programs for the Countywere determined using a risk-based approach in accordance with the requirements of UniformGuidance.Assistance Listing (Catalog of Federal Domestic Assistance (CFDA)) the term AssistanceListing has replaced the Catalog of Federal Domestic Assistance (CFDA). As a result of thisterminology change the Supplement has now replaced all references to CFDA with AssistanceListing, including program titles. For example, the CHIP program, previously titled CFDA 93.767CHILDREN'S HEALTH INSURANCE PROGRAM (CHIP), is now titled ASSISTANCE LISTING93.767 CHILDREN'S HEALTH INSURANCE PROGRAM (CHIP). A searchable copy of theAssistance Listing and a PDF version are available through the Internet on the GSA home page(https:beta.sam.gov). Note that if the Assistance Listing indicates under a program entry (PostAssistance Requirements Audit) that audit is Not Applicable or the program is not subject to2 CFR Part 200 (Note: Some Assistance Listing entries still may refer to OMB Circular A-133),the auditee should contact the federal agency single audit office/official indicated in Appendix IIIof the Supplement.Cluster of Programs Closely related programs that share common compliance requirementsare grouped into clusters of programs. A cluster of programs is considered as one federalprogram for determining major programs.Component Unit, Stafford County Public Schools has a separate Single Audit. They issue aseparate set of financial statements which includes an audit of Federal awards.
De Minimis Rate Used: N
Rate Explanation: Stafford County has elected not to use the 10 percent de minimis indirect cost rate allowedunder the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited asto reimbursement.
Title: Subrecipients
Accounting Policies: A. BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the "Schedule of SEFA)includes the federal award activity of Stafford County under programs of the federal governmentfor the year ended June 30, 2022. The information in this Schedule is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the Schedule presents only a selected portion of the operationsof Stafford County, it is not intended to and does not present the financial position, changes innet assets, or cash flows of Stafford County.Federal Financial Assistance The Singe Audit Act Amendments of 1996 (Public Law 104-156)and the Uniform Guidance define federal financial assistance as grants, loans, loan guarantees,property (including donated surplus property), cooperative agreements, interest subsidies,insurance, food commodities, direct appropriations or other assistance. Nonmonetary deferralassistance including food commodities is considered federal assistance and, therefore, isreported on the Schedule. Federal financial assistance does not include direct federal cashassistance to individuals.Direct Payments Assistance received directly from the Federal government is classified asdirect payments on the SEFA.Pass Through Payments Assistance received in a pass through relationship from entitiesother than the Federal government is classified as pass through payments on the SEFA.Major Programs The Single Audit Act Amendments of 1996 and the Uniform Guidanceestablish the criteria to be used in defining major programs. Major programs for the Countywere determined using a risk-based approach in accordance with the requirements of UniformGuidance.Assistance Listing (Catalog of Federal Domestic Assistance (CFDA)) the term AssistanceListing has replaced the Catalog of Federal Domestic Assistance (CFDA). As a result of thisterminology change the Supplement has now replaced all references to CFDA with AssistanceListing, including program titles. For example, the CHIP program, previously titled CFDA 93.767CHILDREN'S HEALTH INSURANCE PROGRAM (CHIP), is now titled ASSISTANCE LISTING93.767 CHILDREN'S HEALTH INSURANCE PROGRAM (CHIP). A searchable copy of theAssistance Listing and a PDF version are available through the Internet on the GSA home page(https:beta.sam.gov). Note that if the Assistance Listing indicates under a program entry (PostAssistance Requirements Audit) that audit is Not Applicable or the program is not subject to2 CFR Part 200 (Note: Some Assistance Listing entries still may refer to OMB Circular A-133),the auditee should contact the federal agency single audit office/official indicated in Appendix IIIof the Supplement.Cluster of Programs Closely related programs that share common compliance requirementsare grouped into clusters of programs. A cluster of programs is considered as one federalprogram for determining major programs.Component Unit, Stafford County Public Schools has a separate Single Audit. They issue aseparate set of financial statements which includes an audit of Federal awards.
De Minimis Rate Used: N
Rate Explanation: Stafford County has elected not to use the 10 percent de minimis indirect cost rate allowedunder the Uniform Guidance.
Stafford County provided American Rescue Plan Act Coronavirus State & Local FiscalRecovery Funds (ALN # 21.027) funding totaling $300,000 to one subrecipient. Subawardwas used to provide housing assistance for residents whose employer and/or medical/childcare responsibilities were impacted due to COVID-19. No other federal awards were passedthrough to subrecipients.