Notes to SEFA
Accounting Policies: NOTE C: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESa.The Schedule is presented using the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principals in OMB A-87, Cost Principles for State, Local and Indian Tribal Governments or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Federal financial assistance programs included in the Schedule are primarily reported in the Countys basic financial statements as grants and contributions in the entity-wide Statements of Activities and as intergovernmental revenue in the fund financial statements.b.Pass-through entity identifying numbers are presented where available.c.Matching Costs The Schedule does not include matching expenditures.d.The County has not elected to use the 10% de minims cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.