Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (Schedule) are reported under
generally accepted accounting principles (U.S. GAAP). Such expenditures are recognized following the cost principles
contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (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 has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule includes the federal award activity of City of Warren under programs of the federal
government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the
requirements of the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of City of
Warren, it is not intended to and does not present the financial position, changes in net position or cash flows of City of
Warren.