Notes to SEFA
Title: Pass-through to Subrecipients
Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The District has elected to use the 10-percent de minimis indirect cost rate.
There were no awards passed through to subrecipients
Title: Loans Outstanding
Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The District has elected to use the 10-percent de minimis indirect cost rate.
The city had the following loan balances outstanding at june 30, 2024