Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of
the City of Perry, Georgia (the “City”) and is presented on the modified accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of 2 CFR part
200, OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not use the 10% de minimis indirect cost rate.
The City did not pass through any funds to subrecipients during the fiscal year ended June 30,
2024.