Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Butts County,
Georgia (the “County”) and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code
of Federal Regulations (CFR) Part 200 Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of, the financial
statements.
De Minimis Rate Used: N
Rate Explanation: The County elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
The Schedule of Expenditures of Federal Awards includes the federal grant activity of Butts County,
Georgia (the “County”) and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code
of Federal Regulations (CFR) Part 200 Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of, the financial
statements.
Title: DE MINIMIS COST RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Butts County,
Georgia (the “County”) and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code
of Federal Regulations (CFR) Part 200 Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of, the financial
statements.
De Minimis Rate Used: N
Rate Explanation: The County elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
The County elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
Title: NON-CASH AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Butts County,
Georgia (the “County”) and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code
of Federal Regulations (CFR) Part 200 Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of, the financial
statements.
De Minimis Rate Used: N
Rate Explanation: The County elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
There were no federal awards expended in the form of noncash assistance during the fiscal year.
There were also no loans or loan guarantees outstanding at year-end.