Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on this schedule are reported on the modified accrual basis of accounting. 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.
De Minimis Rate Used: N
Rate Explanation: The City of Onalaska has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance
The schedule of expenditure of federal awards include the federal grant activity. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
Title: Disclosure of Other Forms of Assistance
Accounting Policies: Expenditures reported on this schedule are reported on the modified accrual basis of accounting. 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.
De Minimis Rate Used: N
Rate Explanation: The City of Onalaska has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance
The City of Onalaska received no federal awards of non-monetary assistance that are required to be disclosed for the fiscal year ended December 31, 2023. The City of Onalaska had no loans or loan guarantees required to be disclosed for the fiscal year ended December 31, 2023.