Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The following information can be found on (PDF) page 379 of the Attached ACFR. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City-County of Butte-Silver Bow, Montana and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with uniform guidance from the Office of Management and Budget's Super-Circular 2 CFR Part 200, Uniform Administrative Requirements, Cost principles and Audit Requirement of Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The following information can be found on (PDF) page 379 of the Attached ACFR. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City-County of Butte-Silver Bow, Montana and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with uniform guidance from the Office of Management and Budget's Super-Circular 2 CFR Part 200, Uniform Administrative Requirements, Cost principles and Audit Requirement of Federal Awards.