Notes to SEFA
Accounting Policies: Federal financial assistance programs included in the Schedule are reported in the City's basic financial statements as intergovernmental revenue in the General Fund and Special Revenue Funds. The Schedule is presented using the same basis of accounting used for each fund as described in Footnote 1 of the City's basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not charge any indirect costs to grant programs during the fiscal year under audit.