Notes to SEFA
Title: (a) Scope of Presentation
Accounting Policies: see form
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimus indirect cost rate. However, it should be noted that no indirect costs were charged to the major federal program.
The accompanying schedule presents only the expenditures incurred by the City of Gardena (City) that are reimbursable under federal programs of federal agencies providing financial assistance. For purposes of this schedule, financial assistance includes both federal financial assistance received directly from a federal agency and expended, as well as federal funds received indirectly by City of Gardena’ from a non-federal agency and expended. Only the portion of program expenditures reimbursable with such federal funds are reported in the accompanying schedule. Program expenses in excess of the maximum federal reimbursement authorized or the portion of program expenses that were funded with state, local or other non-federal funds are excluded from the accompanying schedule.
Title: (b) Basis of Accounting
Accounting Policies: see form
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimus indirect cost rate. However, it should be noted that no indirect costs were charged to the major federal program.
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).
Title: (c ) SEFA
Accounting Policies: see form
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimus indirect cost rate. However, it should be noted that no indirect costs were charged to the major federal program.
The accompanying Schedule presents the activity of all federal financial assistance program of the City. Federal financial assistance received directly from federal agencies, as well as, federal financial assistance passed through the State of California: (1) Office of Traffic and Safety, and (2) Department of Finance ae included in the Schedule. The Schedule was prepared from only the accounts of various grant programs and therefore does not present the financial position or results of operations of the City.