Notes to SEFA
Title: Additional Grant Information
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Expenditures are recognized following the cost principles contained in the Uniform Guidance and OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The City has elected to not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.There were no federal expenditures during the year ended June 30, 2022 that the City passed-through to subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City received grant funds under the Airport Improvement Program (CFD 20.106) from the U.S. Department of Transportation, as passed-thru the Missouri Department of Transportation. For the year ended June 30, 2022, the reported federal expenditures include expenditures not yet reimbursed but which the expenditures were incurred by the City during the year ended June 30, 2022. A reconciliation is as follows: 20.106 COVID-19 20.106Federal Receipts$509,356 $5,112Receivable 125,7863,250Total Expenditures$635,142 $8,362