Notes to SEFA
Title: NOTE 1 - REPORTING ENTITY
Accounting Policies: The above Schedule is presented using the modified accrual basis of accounting and is presented in accordance with the Uniform
Guidance and Chapter 10.550, Rules of the Auditor General. As such, some amounts presented in this schedule may differ from amounts
in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: During 2023, the City did not use the de-minimis indirect cost rate.
For reporting entity purposes, the schedule of expenditures of federal awards and state financial assistance includes
all the activities of the City of Clewiston's primary government and its blended component unit. The City had no
discretely presented component units.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The above Schedule is presented using the modified accrual basis of accounting and is presented in accordance with the Uniform
Guidance and Chapter 10.550, Rules of the Auditor General. As such, some amounts presented in this schedule may differ from amounts
in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: During 2023, the City did not use the de-minimis indirect cost rate.
Basis of Presentation
The schedule of expenditures of federal awards and state financial assistance is prepared using the accrual basis of
accounting. The determination of when an award is expended is based on when the activity related to the award
occurred.
Program Type Determination
Type A programs are defined as federal programs with federal expenditures exceeding the larger of $750,000 or 3%
of total federal expenditures. The threshold of $750,000 was used in distinguishing between Type A and Type B
programs.
State major programs are defined as those programs that the larger of $750,000 or 3% of total state financial
assistance. The threshold of $750,000 was used in distinguishing between Type A and Type B programs.
Method of Major Program Selection
The risk-based approach was used in the selection of federal and state programs to be tested as major programs.
The City did not qualify as a low-risk auditee for the fiscal year ended September 30, 2023.
De-Minimis Indirect Cost Rate
During 2023, the City did not use the de-minimis indirect cost rate.
Title: NOTE 3 - STATE REVOLVING FUND LOANS
Accounting Policies: The above Schedule is presented using the modified accrual basis of accounting and is presented in accordance with the Uniform
Guidance and Chapter 10.550, Rules of the Auditor General. As such, some amounts presented in this schedule may differ from amounts
in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: During 2023, the City did not use the de-minimis indirect cost rate.
The City had the following State Revolving Fund loan balances outstanding at September 30, 2023. Current year
additions to the loan balances to be included in the schedule of expenditures of federal awards and state financial
assistance for the fiscal year ended September 30, 2023 were $-.
Title: NOTE 4 - SUBRECIPIENTS
Accounting Policies: The above Schedule is presented using the modified accrual basis of accounting and is presented in accordance with the Uniform
Guidance and Chapter 10.550, Rules of the Auditor General. As such, some amounts presented in this schedule may differ from amounts
in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: During 2023, the City did not use the de-minimis indirect cost rate.
The City provided state financial assistance to subrecipients as follows: