Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: City of Carbondale, Illinois has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes federal grant activity of City of Carbondale, Illinois under programs of the federal government for the year ended April 30, 2023. The information in this Schedule is presented in accordance with 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 general purpose financial statements.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: City of Carbondale, Illinois has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The City of Carbondale, Illinois received funding through the Community Development Block Grants from the Department of Housing and Urban Development which they awarded to various small businesses within the City. In fiscal year ending April 30, 2023, there were 52 grants to a local businesses for various amounts ranging between $2,000 and $345,000.
Title: Non-cash assistance, insurance or loans
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: City of Carbondale, Illinois has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
As required by the Uniform Guidance section 310(b)(6), City of Carbondale, Illinois did not receive or administer any insurance and had no loans or loan guarantees outstanding at year ended April 30, 2023.
Non-cash assistance was not received or reported on the Schedule of Expenditures of Federal Awards.