Notes to SEFA
Title: Reporting Entity:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been 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 Minimis indirect cost rate for fiscal year 2024. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
The accompanying schedule of expenditures of federal awards presents the activity or expenditure of all
federal awards programs of the City of Page, Arizona for the year ended June 30, 2024. The City’s reporting
entity is defined in Note 1 of the basic financial statements. All expenditure of federal awards received
directly from federal agencies as well as federal awards passed through other government agencies are
included in the schedule.
Title: Basis of Accounting:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been 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 Minimis indirect cost rate for fiscal year 2024. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting. The information in this schedule is presented in accordance with the requirements of Title
2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards.
Title: Subrecipients:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been 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 Minimis indirect cost rate for fiscal year 2024. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
There are no subrecipients.
Title: Indirect Cost Rate:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been 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 Minimis indirect cost rate for fiscal year 2024. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
The City did not elect to use the 10% de Minimis indirect cost rate for fiscal year 2024. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
Title: Federal Loans Outstanding:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been 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 Minimis indirect cost rate for fiscal year 2024. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
There are no outstanding balances for federal loan or loan guarantee programs at June 30, 2024.