Notes to SEFA
Title: Determining the Name of Non-cash Awards Expended
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of The City and is presented on the modified accrual
basis of accounting. The information in this schedule is presented in accordance with the requirements of Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts
presented in this schedule may differ from amounts presented in or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The City does not use the 10% de minimis cost rate allowed in Title 2 U.S. Code of Federal Regulations (CFR) Part 200.414, indirect
(F&A) costs.
Fair market value of assistance at the time of disbursement to the recipient, or the assessed value provided by the state or federal agency