Notes to SEFA
Title: 1
Accounting Policies: This schedule is prepared on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimus cost rate as covered in 2 CFR §200.414 Indirect (F&A) costs.
This schedule is prepared on the modified accrual basis of accounting.
Title: 2
Accounting Policies: This schedule is prepared on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimus cost rate as covered in 2 CFR §200.414 Indirect (F&A) costs.
The City did not elect to use the 10% de minimus cost rate as covered in 2 CFR §200.414 Indirect (F&A) costs.