Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of the City of La Quinta, California (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 City.
Expenditures reported in the Schedule are reported on the modified accrual basis of accounting for the
governmental funds and the accrual basis of accounting for the proprietary funds, which is described in Note 1
of the City’s financial statements. When 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. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the 10‐percent de minimis cost rate.