Notes to SEFA
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE SAME BASIS OF ACCOUNTING AND SIGNIFICANT ACCOUNTING POLICIES, AS APPLICABLE, USED FOR THE FINANCIAL STATEMENTS. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CCONTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. NEGATIVE AMOUNTS SHOWN ON THE SCHEDULE REPRESENT ADJUSTMENTS OR CREDITS MADE IN THE NORMAL COURSE OF BUSINESS TO AMOUNTS REPORTED AS EXPENDITURE IN PRIOR YEARS.
De Minimis Rate Used: N
Rate Explanation: THE CITY OF D'IBERVILLLE, MISSISSIPPI HAS ELECTED TO NOT USE THE 10-PERCENT DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE.