Notes to SEFA
Accounting Policies: The information in the schedule of expenditures of federal awards is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents on a selected portion of the operations of the City, it is not intended to and does not present the financial position, or changes in net assets of the City. 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. Difference between the granting-agency basis of accounting and the basis of accounting used by the City in preparing its financial fund statements may occur.
De Minimis Rate Used: N
Rate Explanation: The City has elected to not used the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.