Notes to SEFA
Title: Note 1 - Basis of presentation
Accounting Policies: Basis of presentation, federal pass-through funds, basis of accounting, contingencies.
De Minimis Rate Used: N
Rate Explanation: Auditee had matching requirements.
The accompanying Schedule of Expenditures of Federal Awards (SEFA) summarizes the federal expenditures of the City of Jackson, Alabama’s programs of the federal government for the Fiscal Year ended September 30, 2024. The amounts reported as federal expenditures were obtained from the City of Jackson. Alabama’s general ledger. Because the SEFA presents only a selected portion of the operations of the City of Jackson, Alabama’s and it is not intended to and does not present the financial position, changes in net assets, and cash flows of the City of Jackson, Alabama. For purposes of the SEFA, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. The City of Jackson, Alabama has obtained Catalog of Federal Domestic Assistance (CFDA) numbers to ensure that all programs have been identified in the SEFA. CFDA numbers have been appropriately listed by applicable programs.
Title: Note 2 - Federal pass-through funds
Accounting Policies: Basis of presentation, federal pass-through funds, basis of accounting, contingencies.
De Minimis Rate Used: N
Rate Explanation: Auditee had matching requirements.
The City of Jackson, Alabama is the subrecipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds.
Title: Note 3 – Basis of accounting
Accounting Policies: Basis of presentation, federal pass-through funds, basis of accounting, contingencies.
De Minimis Rate Used: N
Rate Explanation: Auditee had matching requirements.
The SEFA was prepared on the accrual basis of accounting.
Title: Note 4 – Contingencies
Accounting Policies: Basis of presentation, federal pass-through funds, basis of accounting, contingencies.
De Minimis Rate Used: N
Rate Explanation: Auditee had matching requirements.
Grant proceeds received and disbursed by the City of Jackson, Alabama are for specific purposes and are subject to audit by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based on prior experience, the City of Jackson, Alabama does not believe that such disallowances, if any, would have a material effect on the financial position of the City. As of September 30, 2024, there are no material questioned or disallowed costs as a result of grant audits in process or completed.