Notes to SEFA
Title: Note 3
Accounting Policies: For reporting entity purposes, the Schedule of Expenditures of Federal Awards includes only the activities of the primary government of the City of Cocoa, FL.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Summary of Significant Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as applicable to government organizations.