Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Governmental fund types account for the City’s federal award activity. Therefore, expenditures in the schedule of expenditures of federal awards are reported on the modified accrual basis, except for subrecipient expenditures, which are recorded on the cash basis. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis cost rate for FY 2023.
The accompanying schedule of expenditures of federal awards (the Schedule) presents the federal award activity of the City of Nampa, Idaho (the City) under programs of the federal government for the year ended September 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The City received federal awards both directly from federal agencies and indirectly through pass-through entities. Because the schedule presents only a select portion of the operations of the City, it is not intended to and does not present the financial position or changes in fund balance and net position, or cash flows, where applicable.
Title: NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Governmental fund types account for the City’s federal award activity. Therefore, expenditures in the schedule of expenditures of federal awards are reported on the modified accrual basis, except for subrecipient expenditures, which are recorded on the cash basis. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis cost rate for FY 2023.
Governmental fund types account for the City’s federal award activity. Therefore, expenditures in the schedule of expenditures of federal awards are reported on the modified accrual basis, except for subrecipient expenditures, which are recorded on the cash basis. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3 - INDIRECT COST RATE
Accounting Policies: Governmental fund types account for the City’s federal award activity. Therefore, expenditures in the schedule of expenditures of federal awards are reported on the modified accrual basis, except for subrecipient expenditures, which are recorded on the cash basis. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis cost rate for FY 2023.
The City has elected not to use the 10% de minimis cost rate for FY 2023.