Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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. Negative amountsshown on the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The City does not charge an indirect cost rate for the grant work. The City's general fund absorbs that expense.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award
activity of the City of Pocatello (City) under programs of the federal government for the year ended
September 30, 2023. The information in this Schedule is prepared 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 assets, or cash flows of the City.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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. Negative amountsshown on the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The City does not charge an indirect cost rate for the grant work. The City's general fund absorbs that expense.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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. Negative amounts
shown on the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
Title: DE MINIMIS INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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. Negative amountsshown on the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The City does not charge an indirect cost rate for the grant work. The City's general fund absorbs that expense.
The City has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance. The City has elected to use the Simplified Allocation Method for certain grants, as approved
by the specific granting agencies.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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. Negative amountsshown on the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The City does not charge an indirect cost rate for the grant work. The City's general fund absorbs that expense.
The City passes certain federal awards received from the U.S. Department of Housing and Urban
Development to other governments or not‐for‐profit agencies (subrecipients). As Note 2 describes, the
City reports expenditures of Federal awards to subrecipients when paid in cash. As a subrecipient, the
City has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use
these subawards as authorized by laws, regulations, and the provisions of contracts or grant
agreements, and the subrecipients achieve the award's performance goals.
Title: MATCHING REQUIREMENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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. Negative amountsshown on the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The City does not charge an indirect cost rate for the grant work. The City's general fund absorbs that expense.
Certain Federal programs require the City to contribute non‐Federal funds (matching
funds) to support the Federally funded programs. The City has met its matching requirements. The
Schedule does not include the expenditure of non‐Federal matching funds.