Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance for all
awards with the exception of assistance listing number 21.027, which follow criteria determined by the
Department of Treasury for allowability of costs. Under these principles, certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the
federal and state grant activity of the City and is presented on the accrual basis of accounting.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance for all
awards with the exception of assistance listing number 21.027, which follow criteria determined by the
Department of Treasury for allowability of costs. Under these principles, certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance for all
awards with the exception of assistance listing number 21.027, which follow criteria determined by the
Department of Treasury for allowability of costs. Under these principles, certain types of expenditures
are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance for all
awards with the exception of assistance listing number 21.027, which follow criteria determined by the
Department of Treasury for allowability of costs. Under these principles, certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
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 Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance for all
awards with the exception of assistance listing number 21.027, which follow criteria determined by the
Department of Treasury for allowability of costs. Under these principles, certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Of the federal expenditures presented in the schedule, the City has not provided any federal awards to
subrecipients.