Notes to SEFA
Title: Basis of Presentation
Accounting Policies: accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
The accompanying schedule of expenditures of federal awards (schedule) includes the federal grant
activity of the City of St. George, UT 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 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 basic financial
statements.
Title: Indirect Cost Rate
Accounting Policies: accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
The City did not elect to use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
Title: Federal Loans and Loan Guarantee Programs Outstanding
Accounting Policies: accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate for the year ended June 30, 2023.
The City had no balances of loan and loan guarantee programs outstanding as of June 30, 2023.