Notes to SEFA
Title: Reporting Entity:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Hurricane City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant
activity of Hurricane City, Utah. The City’s reporting entity is defined in Note 1 of the basic financial
statements. All expenditure of federal awards received directly from federal agencies as well as federal
awards passed through other government agencies are included in the schedule.
Title: Basis of Accounting:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Hurricane City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting. The information in this schedule is presented 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).
Title: Subrecipients:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Hurricane City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
There are no subrecipients.
Title: Indirect Cost Rate:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Hurricane City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Hurricane City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Title: Federal Loans Outstanding:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Hurricane City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
There are no outstanding balances for federal loan or loan guarantee programs at June 30, 2024.