Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Entire program costs, including the City’s
portion, are more than shown. Such expenditures are recognized following cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursements. Negative amounts shown on the Schedule
(when applicable) represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance