Notes to SEFA
Title: 2
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the City of Idabel and is presented in
accordance with the modified cash basis for determining federal awards expended.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The City has not been notified of any noncompliance with federal award requirements. Any liability for reimbursement which may arise as a result of
these auditors cannot be reasonably determined at this time, although it is believed the amount, if any, would not be material.