Notes to SEFA
Title: Basis of Presentation
Accounting Policies: GAAP
De Minimis Rate Used: N
Rate Explanation: The City did not use the 10% de minimis indirect cost rate
as covered in section 200.414 of the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”)
includes the federal grant activity of the City of Huntington Beach (the City)
under programs of the federal government for the year ended June 30, 2023.
The information in the Schedule is presented in accordance with the
requirements of and the audit requirement of Title 2 U.S. Code of Federal
Regulations 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 City, it is not
intended to and does not present the financial position, changes in net assets or
cash flows of the City. The City did not use the 10% de minimis indirect cost rate
as covered in section 200.414 of the Uniform Guidance.
The City includes loans granted under the Community Development Block
Grants
Title: Summary of Significant Accounting Policies
Accounting Policies: GAAP
De Minimis Rate Used: N
Rate Explanation: The City did not use the 10% de minimis indirect cost rate
as covered in section 200.414 of the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified-accrual
basis of accounting for those grants that were recorded in governmental funds,
and on the accrual basis of accounting for those grants that were recorded in
proprietary funds. Such expenditures for part of the year are recognized
following the cost principles contained in OMB Circular 87 Cost Principles for
State, Local, and Indian Tribal Governments, and for part of the year contained
in Uniform Administrative Requirements, Cost Principles, and Audit requirements
for Federal Awards wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Pass-through entity identifying numbers are
presented where available.
Title: Subrecipients
Accounting Policies: GAAP
De Minimis Rate Used: N
Rate Explanation: The City did not use the 10% de minimis indirect cost rate
as covered in section 200.414 of the Uniform Guidance.
For the fiscal year ended June 30, 2024, payments to subrecipients consisted of
the following: See the Notes to the SEFA for chart/table
Title: Federal Funded Loans
Accounting Policies: GAAP
De Minimis Rate Used: N
Rate Explanation: The City did not use the 10% de minimis indirect cost rate
as covered in section 200.414 of the Uniform Guidance.
The City administers loans, primarily deferred loans, made from funds provided by the following federal programs:
The loans are not subject to continuing compliance requirements. The outstanding loan requirements have not been included in the accompanying Schedule of Expenditures of Federal Awards.
See the Notes to the SEFA for chart/table.
Title: Office of Emergency Services
Accounting Policies: GAAP
De Minimis Rate Used: N
Rate Explanation: The City did not use the 10% de minimis indirect cost rate
as covered in section 200.414 of the Uniform Guidance.
The following represents federal expenditures for the grant period, which may extend over several fiscal years, for programs from the Department of Justice passed
through the Office of Emergency Services: Violence Against Women Formula Grant LE21056860 from July 1, 2023 – June 30,
2024. See the Notes to the SEFA for chart/table