Notes to SEFA
Accounting Policies: General - The accompanying Schedule of Federal Awards presents the activity of all federal award programs of the City of Mascoutah, Illinois. The City's reporting entity is defined in Note 1 to the City's financial statements. Federal awards passed through other government agencies are included on the schedule. Basis of Accounting - The accompanying Schedule of Federal A wards is presented using the modified accrual basis of accounting, which is described in Note 1 to the City's financial statements. Noncash Assistance, Federal Insurance and Loans/Loan Guarantees - The City did not receive any noncash assistance, federal guaranteed loans or federal insurance for any of its programs for the year ended April 30, 2022. Subrecipient Monitoring - The City did not provide any funds to subrecipients for federal funds. Indirect Cost Rate - The City elected to use the de minimis indirect cost rate of 10%.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.