Notes to SEFA
Title: General
Accounting Policies: Basis of Accounting- The Schedules are presented using the modified accrual basis of accounting for expenditures accounted for in the governmental funds and on the accrual basis of
accounting for expenses of the proprietary fund types, which are described in Note 1 to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: De Minimus Rate- The Uniform Guidance allows a City to elect a 10% de minimus indirect cost rate. For the year ended September 30, 2024, the City elected not to use the rate.
The accompnaying schedules of federal awards (the "Schedules") presents the activity of all federal awards and state financial assistance of the City of Maitland, Florida for the year neded Spetember 30, 2024. The City's reporting entity is defined in Note 1 to the City's basic financial statements.
Title: Non- cash
Accounting Policies: Basis of Accounting- The Schedules are presented using the modified accrual basis of accounting for expenditures accounted for in the governmental funds and on the accrual basis of
accounting for expenses of the proprietary fund types, which are described in Note 1 to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: De Minimus Rate- The Uniform Guidance allows a City to elect a 10% de minimus indirect cost rate. For the year ended September 30, 2024, the City elected not to use the rate.
The City did not receive any non-cash assistance during the year ended September 30, 2024