Notes to SEFA
Title: General
Accounting Policies: Modified Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City elected to not use the 10-percent de minimus indirect cost rate.
General description of Notes
Title: Basis of Accounting
Accounting Policies: Modified Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City elected to not use the 10-percent de minimus indirect cost rate.
SEFA is prepared on Modified-Accural Basis of Accounting
Title: Federal Loans
Accounting Policies: Modified Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City elected to not use the 10-percent de minimus indirect cost rate.
Environmental Protection Agency federal loan outstanding SRF-08
Title: Indirect Cost Rate
Accounting Policies: Modified Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City elected to not use the 10-percent de minimus indirect cost rate.
The City has elected to not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance
Title: Subrecipients
Accounting Policies: Modified Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City elected to not use the 10-percent de minimus indirect cost rate.
Awards passed through to subrecipients = $87,921