Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of the Town of Bedford, Massachusetts, under programs of the federal
government for the year ended June 30, 2024. The information in this Schedule is presented
in accordance with the requirements of 2 CFR Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of the operations of the
Town of Bedford, Massachusetts, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the Town of Bedford, Massachusetts.
De Minimis Rate Used: N
Rate Explanation: N/A