Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Expenditures of federal
awards are recognized in the period when the liability is incurred. Such expenditures are recognized
following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable or are limited as to reimbursement. The City has elected not to use the
10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Program does not have an indirect cost rate and had no indirect costs charged to the federal grants during the year ended June 30, 2024. The Program has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity
of the City under programs of the federal government for the year ended June 30, 2024. The information in
this SEFA 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). Because the SEFA presents only a selected portion of the operations of City,
it is not intended to and does not present the financial position, changes in net assets, or cash flows of the
City.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Expenditures of federal
awards are recognized in the period when the liability is incurred. Such expenditures are recognized
following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable or are limited as to reimbursement. The City has elected not to use the
10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Program does not have an indirect cost rate and had no indirect costs charged to the federal grants during the year ended June 30, 2024. The Program has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the SEFA are reported on the accrual basis of accounting. Expenditures of federal
awards are recognized in the period when the liability is incurred. Such expenditures are recognized
following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable or are limited as to reimbursement. The City has elected not to use the
10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Expenditures of federal
awards are recognized in the period when the liability is incurred. Such expenditures are recognized
following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable or are limited as to reimbursement. The City has elected not to use the
10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Program does not have an indirect cost rate and had no indirect costs charged to the federal grants during the year ended June 30, 2024. The Program has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
During the year end June 30, 2024, the City did not provide federal awards to subrecipients.
Title: SUBSEQUENT EVENTS
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Expenditures of federal
awards are recognized in the period when the liability is incurred. Such expenditures are recognized
following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types
of expenditures are not allowable or are limited as to reimbursement. The City has elected not to use the
10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Program does not have an indirect cost rate and had no indirect costs charged to the federal grants during the year ended June 30, 2024. The Program has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The City has evaluated the effects of all subsequent events from June 30, 2024, through the report date, the
date the SEFA was available to be issued, for potential recognition or disclosure in this SEFA. The City is
not aware of any subsequent events which would require recognition or disclosure in the SEFA.
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