Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Modified accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance summarizes the expenditures of the City under programs of the federal and state governments. The schedule is presented using the modified accrual basis of accounting.
Title: indirect Cost Rate
Accounting Policies: Modified accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: N/A
The City has elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.