Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
City’s general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (Schedule) includes the
federal award activity of City of Hudson, New York (City) under programs of the federal
government for the year ended December 31, 2022. 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). Because the Schedule presents only a selected portion
of the operations of the City, it is not intended to and does not present the financial position or
the respective changes in financial position of the governmental activities, each major fund,
the aggregate discretely presented component unit, and the aggregate remaining fund
information of the City.
Title: PASS-THROUGH PROGRAMS
Accounting Policies: Expenditures reported on the schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
City’s general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Where the City receives funds from a government entity other than the federal
government (pass-through), the funds are accumulated based upon the Assistance
Listing number advised by the pass-through grantor. Identifying numbers, other than the
Assistance Listing numbers, which may be assigned by pass-through grantors are not
maintained in the City’s financial management system. The City has identified certain
pass-through identifying numbers and included them in the Schedule, as available.
Title: INDIRECT COSTS
Accounting Policies: Expenditures reported on the schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
City’s general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Indirect costs are included in the reported expenditures to the extent such costs are included
in the federal financial reports used as the source for the data presented.
The City did not elect to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
Title: MATCHING COSTS
Accounting Policies: Expenditures reported on the schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
City’s general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Matching costs, i.e., the City’s or State’s share of certain program costs, are not included in
the schedule of expenditures of federal awards.