Title: NOTE 1 – GENERAL
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of the City of Angels (the City). Federal awards received directly from federal agencies, as well as federal awards passed
through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 - BASIS OF ACCOUNTING
The accompanying SEFA is presented using the modified accrual basis of accounting, except for the programs recorded in
the City’s enterprise funds, which are presented using the accrual basis of accounting, which is described in Note 1 of the
City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 5 – INDIRECT COST RATE
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programsThe accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of the City of Angels (the City). Federal awards received directly from federal agencies, as well as federal awards passed
through other government agencies are included in the schedule. The information in this SEFA 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).
Title: NOTE 2 - BASIS OF ACCOUNTING
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of the City of Angels (the City). Federal awards received directly from federal agencies, as well as federal awards passed
through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 - BASIS OF ACCOUNTING
The accompanying SEFA is presented using the modified accrual basis of accounting, except for the programs recorded in
the City’s enterprise funds, which are presented using the accrual basis of accounting, which is described in Note 1 of the
City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 5 – INDIRECT COST RATE
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying SEFA is presented using the modified accrual basis of accounting, except for the programs recorded in
the City’s enterprise funds, which are presented using the accrual basis of accounting, which is described in Note 1 of the
City’s basic financial statements.
Title: NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of the City of Angels (the City). Federal awards received directly from federal agencies, as well as federal awards passed
through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 - BASIS OF ACCOUNTING
The accompanying SEFA is presented using the modified accrual basis of accounting, except for the programs recorded in
the City’s enterprise funds, which are presented using the accrual basis of accounting, which is described in Note 1 of the
City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 5 – INDIRECT COST RATE
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal award expenditures agree or can be reconciled with the amounts reported in the City’s basic financial statements.
Title: NOTE 4 – LOANS OUTSTANDING
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of the City of Angels (the City). Federal awards received directly from federal agencies, as well as federal awards passed
through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 - BASIS OF ACCOUNTING
The accompanying SEFA is presented using the modified accrual basis of accounting, except for the programs recorded in
the City’s enterprise funds, which are presented using the accrual basis of accounting, which is described in Note 1 of the
City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 5 – INDIRECT COST RATE
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The City has issued various homebuyer and home improvement loans through the Community Development Block Grant
(CDBG) Loan Program and the HOME Investment Partnership Program. The table below presents the cumulative federally
funded loans outstanding as of June 30, 2023. Repayments received on these loans are accounted for as program
income. These loans are not subject to a continuing compliance requirement.
Federally funded loans outstanding as of June 30, 2023:
Title: NOTE 5 – INDIRECT COST RATE
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of the City of Angels (the City). Federal awards received directly from federal agencies, as well as federal awards passed
through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 - BASIS OF ACCOUNTING
The accompanying SEFA is presented using the modified accrual basis of accounting, except for the programs recorded in
the City’s enterprise funds, which are presented using the accrual basis of accounting, which is described in Note 1 of the
City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 5 – INDIRECT COST RATE
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE 6 – PASS THROUGH ENTITY IDENTIFYING NUMBERS
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of the City of Angels (the City). Federal awards received directly from federal agencies, as well as federal awards passed
through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 - BASIS OF ACCOUNTING
The accompanying SEFA is presented using the modified accrual basis of accounting, except for the programs recorded in
the City’s enterprise funds, which are presented using the accrual basis of accounting, which is described in Note 1 of the
City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 5 – INDIRECT COST RATE
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The City has included in the SEFA the identifying numbers for pass-through grants when such information has been
provided by the pass-through entities. For grants that the City was not provided with such information by the passthrough
entities, the City has indicated the pass-through identifying number “N/A” to disclose the information was not
applicable or not available.