Notes to SEFA
Title: Program Costs
Accounting Policies: Basis of Accounting--This Schedule is prepared on the same basis of accounting as the City of Issaquahs financial statements. The City of Issaquah uses the modified accrual basis of accounting for governmental funds and accrual basis for proprietary funds.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The City of Issaquah has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the City of Issaquahs portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Prior Year Expenditures Included in the SEFA
Accounting Policies: Basis of Accounting--This Schedule is prepared on the same basis of accounting as the City of Issaquahs financial statements. The City of Issaquah uses the modified accrual basis of accounting for governmental funds and accrual basis for proprietary funds.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The City of Issaquah has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance
The SEFA includes $122,762 in prior year expenditures for Award ID 4539-DR-WA 2020 (D20-2009) (ALN# 97.036). Expenditures in the amount of $94,812, were incurred prior to 2022 and became eligible for reimbursement after the project worksheets were approved by the granting agency in 2021. Prior year expenditures in the amount of $27,950, were included due to a cost sharing change from 75% to 90% of eligible expenditures approved in 2022 at the Federal level.