Notes to SEFA
Accounting Policies: Basis of Presentation and AccountingThe accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrualbasis of accounting. Under the modified accrual basis of accounting, expenditures are recognized when therelated fund liability is incurred.Federal grant programs which are administered through State agencies (pass-through awards) have beenincluded in this report. These programs are operated according to Federal regulations promulgated by theFederal agency providing the funding.The City did not pass any federal awards through to sub-recipients.Indirect Cost RateThe City has elected not to utilize the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.