Notes to SEFA
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 Title 2 U.S. Code of Federal
Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited
as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the
normal course of business to amounts reported as expenditures in prior years. Pass-through entity
identifying numbers are presented where available. The City has elected not to use the 10 percent deminimus
indirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10 percent deminimus
indirect cost rate as allowed under Uniform Guidance.