Notes to SEFA
Title: Note 1
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual or accrual basis of
accounting as applicable. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Expenditures of federal awards are recognized in the accounting period when the liability
is incurred and has met the eligibility criteria of the federal grant.
Revenue from federal awards is recognized when the City has done everything necessary to establish its
right to the revenue. In the governmental funds, revenue from federal grants is recognized when the
revenue is both measurable and available. In proprietary funds, revenue from federal grants is
recognized when it is earned.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (schedule) includes the federal grant
activity of the City under programs of the federal government for the year ended June 30, 2023. The
information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected
portion of the operations of the City, it is not intended to and does not present the financial position,
changes in net position or cash flows of the entity.
Title: Note 2
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual or accrual basis of
accounting as applicable. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Expenditures of federal awards are recognized in the accounting period when the liability
is incurred and has met the eligibility criteria of the federal grant.
Revenue from federal awards is recognized when the City has done everything necessary to establish its
right to the revenue. In the governmental funds, revenue from federal grants is recognized when the
revenue is both measurable and available. In proprietary funds, revenue from federal grants is
recognized when it is earned.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Expenditures reported on the schedule are reported on the modified accrual or accrual basis of
accounting as applicable. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Expenditures of federal awards are recognized in the accounting period when the liability
is incurred and has met the eligibility criteria of the federal grant.
Revenue from federal awards is recognized when the City has done everything necessary to establish its
right to the revenue. In the governmental funds, revenue from federal grants is recognized when the
revenue is both measurable and available. In proprietary funds, revenue from federal grants is
recognized when it is earned.
Pass-through entity identifying numbers are presented where available.
Title: Note 3
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual or accrual basis of
accounting as applicable. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Expenditures of federal awards are recognized in the accounting period when the liability
is incurred and has met the eligibility criteria of the federal grant.
Revenue from federal awards is recognized when the City has done everything necessary to establish its
right to the revenue. In the governmental funds, revenue from federal grants is recognized when the
revenue is both measurable and available. In proprietary funds, revenue from federal grants is
recognized when it is earned.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The City has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.