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Excluded Costs -Certain items of cost are classified by Uniform Guidance as extraordinary or <br />distorting expenditures and are excluded from the computation of the indirect cost rate i.e . <br />capitalized equipment. <br />Indirect Costs -costs incurred for a common or jOint purpose benefiting more than one cost <br />objective <br />Indirect Cost Rate - a devise for determining in a reasonable manner the proportion of indirect <br />costs each program should bear. It is the ratio of the indirect coast to a direct cost base. <br />Sub Departme nt -additional breakdown of a department expenses for accounting purposes <br />Total Costs -the 2016 fiscal year end actual expenses <br />Unallowable Costs -Certain items of cost are classified by Uniform Guidance as unallowable, <br />which means that federal funds cannot be used for those items of cost. For indirect cost <br />rate calculation; however, these unallowed costs are included in the base along with the direct <br />costs. Some examples for unallowed costs are: Governance, promotional advertising, <br />entertainment, and fines & penalties. <br />Uniform Guidance -United States Office of Management & Budget, 2CFR Part 200, Uniform <br />Administration Requirements, Cost Principles and Audit Requirements for Federal Awards <br />establishing principles and standards for determining costs for Federal awards carried out <br />through grants, cost reimbursement contracts , and other agreements with governmental units. <br />FINANCIAL INFORMATION <br />A cc ounting <br />Governmental fund financial statements are reported using the current financial <br />resources measurement focus and the modified accrual basis of accounting. Revenues are <br />recognized as soon as they are both measurable and available. Revenues are considered to be <br />available when they are collectible within the current period or soon enough thereafter to pay <br />liabilities of the current period . <br />Audited Data <br />Kittitas County is audited annually by the State Auditor's office. The audits consist of <br />Financial and Single Audit and the Accountabil ity Audit. The Financial and Single Audit was <br />issued on September 28, 2017, Report #1019951 . The report stated: <br />We issued an unmodified opinion on the fair presentation of the financial statements of <br />the governmental activities, the business-type activities, each major fund and the <br />aggregate remaining fund information in accordance with accounting principles generally <br />accepted in the United States of America (GAAP). <br />Internal Control over Financial Reporting: <br />• Significant Deficiencies: We reported no deficiencies in the design or operation of <br />internal control over financial reporting that we consider to be Significant <br />deficiencies. <br />• Material Weaknesses: We identified no deficiencies that we consider to be <br />material weaknesses. <br />We noted no instances of noncompliance that were material to the financial statements <br />of the County. <br />Federal Awards Internal Control over Major Programs: <br />2