Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Basis of presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Auburn, Alabama and is presented on the modified accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY DEVELOPMENT BLOCK GRANTS_SECTION 108 LOAN GUARANTEES (14.248) - Balances outstanding at the end of the audit period were 382026.
Title: Subrecipients
Accounting Policies: Basis of presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Auburn, Alabama and is presented on the modified accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City of Auburn, Alabama provided federal awards to subrecipients as follows: Community Development Block Grants/Entitlement Grants; Federal Assistance Number 14.218; Amount provided - $795,290. COVID-19-Community Development Block Grants/Entitlement Grants; Federal Assistance Number 14.218; Amount provided - $345,885.