Notes to SEFA
Accounting Policies: Basis of AccountingFunds received under the various grant programs have been recorded within general, special revenue, enterprise, and capital projects funds of the City. The City utilizes the modified accrual and full accrual method of accounting for the general, special revenue, enterprise, and capital projects funds. The accompanying Schedule of Expenditures of Federal Awards (Schedule) has been prepared accordingly.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.