Notes to SEFA
Title: 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting, and the information herein is presented in accordance with the requirements of the U.S. Office of Management and Budget Circular Part 200—Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule of expenditures of federal awards is prepared on the accrual basis of accounting, and the information herein is presented in accordance with the requirements of the U.S. Office of Management and Budget Circular Part 200—Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Title: 2. DE MINIMIS COST RATE
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting, and the information herein is presented in accordance with the requirements of the U.S. Office of Management and Budget Circular Part 200—Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
The City did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Title: 3. RECONCILIATION OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO ANNUAL COMPREHENSIVE FINANCIAL REPORT
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting, and the information herein is presented in accordance with the requirements of the U.S. Office of Management and Budget Circular Part 200—Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Total expenditures of federal awards $ 1,152,234
Total federal grant revenue—2023 1,152,234
Other intergovernmental revenues:
Shared taxes 374,001
State sources 14,957,491
Local sources 267,008
Total other intergovernmental revenues 15,598,500
Total intergovernmental revenues—governmental and proprietary funds
(primary government) $ 16,750,734