Notes to SEFA
Title: Basis of Accounting
Accounting Policies: OMB
De Minimis Rate Used: N
Rate Explanation: N/A
The schedule is prepared on the same basis of accounting as the financial statements. The City of Goliad accounting GASB
Title: Electronic File of Grant
Accounting Policies: OMB
De Minimis Rate Used: N
Rate Explanation: N/A
Grant name, grant agreement, funding agency,award amount, date, match, period of performance
Title: Reconcilations
Accounting Policies: OMB
De Minimis Rate Used: N
Rate Explanation: N/A
Reconcile bank statement, expenditures
Title: U.S. Office of Management and Budget (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), 2020, 2 CFR 200.514(a).
Accounting Policies: OMB
De Minimis Rate Used: N
Rate Explanation: N/A
Electronic file of grant information. Monthly reconciliation of expenditures. General ledger accounts reconcilized monthly for accuracy.
Title: Federal Indirect Cost Rate
Accounting Policies: OMB
De Minimis Rate Used: N
Rate Explanation: N/A
10-percent de minimis indirect cost rate.
Title: De minimis Cost Rate
Accounting Policies: OMB
De Minimis Rate Used: N
Rate Explanation: N/A
The City of Goliad has elected not to use the 10-percent de minimis indirect cost rate.