Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on accounting principles generally accepted in
the United States of America. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance and/or 0MB Circular A-87, Cost Principles for State, Local, and
Indian Tribal Governments wherein certain types of expenditures are not allowable or are
limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: City of Park Hills, Missouri has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.