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2 <br />Direct Salaries & Wages – the 2019 fiscal year end salaries & wages for each department <br />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 Department – additional breakdown of a department expenses for accounting purposes <br />Total Costs – the 2019 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 rate <br />calculation, however, these unallowed costs are included in the base along with the direct costs. <br />Some examples for unallowed costs are: Governance, promotional advertising, entertainment, <br />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 /> <br /> <br />FINANCIAL INFORMATION <br /> <br />Accounting <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 /> <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 Accountability Audit. The Financial and Single Audit was <br />issued on November 25, 2020, Report #1027374. The report stated: <br /> <br /> <br /> <br />