Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: City of Nixa, Missouri, has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.