Notes to SEFA
Accounting Policies: The City uses the modified accrual basis of accounting for governmental funds and the accrual basis of accounting for the proprietary funds. The expenditures are recognized following the cost principles contained in the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The information in the scheudle is presented in accordance with the requirements of Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the 10% de minimis cost rate allowed by the Uniform Guidance.