Notes to SEFA
Title: Summary of Significant Accounting Policies and Basis of Presentation
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 as allowed under the Uniform
Guidance for the year ended June 30, 2024.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant
activity of Washington City, Utah. 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.
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 Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
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 as allowed under the Uniform
Guidance for the year ended June 30, 2024.
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 as allowed under the Uniform
Guidance for the year ended June 30, 2024.
The City did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance for the year ended June 30, 2024.
Title: Federal Loans and Loan Guarantee Programs 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 as allowed under the Uniform
Guidance for the year ended June 30, 2024.
The City had no balances of loan and loan guarantee programs outstanding as of June 30, 2024.