Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the activity of the City's Federal financial assistance presented on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The information in the schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the de minimus cost rate