Notes to SEFA
Title: Notes to Schedule of Expenditures of Federal Awards:
Accounting Policies: Prepared using the modified basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate as allowed under
the Uniform Guidance.
The schedule above is prepared on the modified accrual basis of accounting. Grant revenues are recorded
when the City has met the qualifications for the respective grants. Expenditures are recorded when the
liability is incurred. The City has elected not to use the 10% de minimis indirect cost rate as allowed under
the Uniform Guidance.