Notes to SEFA
Title: FOOD DISTRIBUTION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Harrisonburg, Virginia and its component units, and is presented on the modified accrual basis of accounting. The information contained in this schedule is presented in accordance with the requirements of the U.S. Office of Management
and Budget’s Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Harrisonburg has not elected to use the de minimis indirect cost allocation rate.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed as determined by the U.S. Department of Agriculture. At June 30, 2023, the School Board, a component unit, had food commodities totaling $8,254 in inventory.
Title: LOAN PROGRAMS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Harrisonburg, Virginia and its component units, and is presented on the modified accrual basis of accounting. The information contained in this schedule is presented in accordance with the requirements of the U.S. Office of Management
and Budget’s Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Harrisonburg has not elected to use the de minimis indirect cost allocation rate.
Included in prior year schedules were loan proceeds obtained through the Virginia Water Supply Revolving Fund in
the total amount of $1,136,000. The following is the federal award program and the outstanding balance on the loan
at June 30, 2023.
Assistance Outstanding
Listing Loan
Program Title Number Amount
Capitalization Grants for Drinking Water State Revolving Funds 66.468 $ 6 43,733