Notes to SEFA
Title: Basis of Presentation and Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of
College Park, Georgia 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. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to utilize the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of
College Park, Georgia 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. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the
financial statements.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of
College Park, Georgia 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. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to utilize the 10% de minimis indirect cost rate.
The City has elected not to utilize the 10% de minimis indirect cost rate.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of
College Park, Georgia 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. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to utilize the 10% de minimis indirect cost rate.
The City did not pass any federal grand funding through to subrecipients during the fiscal year ended June 30, 2023.