Notes to SEFA
Title: Program Costs
Accounting Policies: Basis of Accounting- This Schedule is prepared on the same basis of accounting as the City's financial statements. The City uses the modified accrual
basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: Indirect Cost Rate- The city has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The amount
expended includes no indirect costs.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the City's portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, cost principles for state or local governments, or the cost cost principles contained in Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.