Notes to SEFA
Title: Subrecipients
Accounting Policies: Funds received under the various grant programs have been recorded within the general fund and special revenue funds of the City. The City utilizes the modified accrual basis of accounting for governmental funds. The accompanying schedule of expenditures of federal awards 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 (Office of Management and Budget Uniform Grant Guidance).
De Minimis Rate Used: Y
Rate Explanation: The auditee used ther de minimis cost rate.
The following payments were made to subrecipients for the year ended June 30, 2024.