Notes to SEFA
Title: Program Costs
Accounting Policies: Basis of Accounting--This Schedule is prepared on the same basis of accounting as the City's financial statements. The City uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The City 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 ofthe program costs. Entire program costs, including the Citys portion, are more than shown.Such expenditures are recognized following, as applicable, either the cost principles in theOMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or thecost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards,wherein certain types of expenditures are not allowable or are limited as to reimbursement.