Notes to SEFA
Title: Note 2: Food Distribution
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Cityand is presented on the modified accrual basis of accounting. The Citys reporting entity is defined in Note1 to the Citys financial statements. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The City does not elect to use a 10% de minimis indirect cost rate allowed under Section 2 CFR 200.331(a)(4).
Non-monetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. At June 30, 2022, the food service organization had food commodities totaling $18,010 ininventory.
Title: Note 3: Relationship to the Financial Statements
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Cityand is presented on the modified accrual basis of accounting. The Citys reporting entity is defined in Note1 to the Citys financial statements. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The City does not elect to use a 10% de minimis indirect cost rate allowed under Section 2 CFR 200.331(a)(4).
Revenues from federal awards are reported in the Citys basic financial statements as follows:General Fund $ 144,823Schools 2,459,488Donated commodities 51,157Total federal awards reported in the basic financial statements $ 2,655,468
Title: Note 4: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Cityand is presented on the modified accrual basis of accounting. The Citys reporting entity is defined in Note1 to the Citys financial statements. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The City does not elect to use a 10% de minimis indirect cost rate allowed under Section 2 CFR 200.331(a)(4).
The City does not have any subrecipients.