Notes to SEFA
Accounting Policies: NOTE 1 GENERALThe accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal award activity of City of Glendale (City) under programs of the federal governmentfor the year ended June 30, 2022. The information in this Schedule is presented inaccordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Becausethe Schedule presents only a selected portion of the operations of the City, it is not intendedto and does not present the financial position, changes in net position, or cash flows of theCity.NOTE 2 BASIS OF ACCOUNTINGExpenditures reported on the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance for all awards. Under these principles, certain types of expenditures arenot allowable or are limited as to reimbursement. Negative amounts shown on the Schedulerepresent adjustments or credits made in the normal course of business to amountsreported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.