Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code of FederalRegulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards, wherein certain types of expenditures are not allowable or are limitedas to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in thenormal course of business to amounts reported as expenditures in prior years. Pass-through entityidentifying numbers are presented where available. The City has elected not to use the 10 percent deminimusindirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.