Notes to SEFA
Title: N/A
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of City Ballet under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of City Ballet, it is not intended to, and does not present the financial position, changes in net assets, or cash flows of City Ballet
De Minimis Rate Used: N
Rate Explanation: City Ballet has elected not to use the 10 percent de minimis indirect cost rate, as allowed under the Uniform Guidance.
N/A