Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The schedule of expenditures of federal awards included only the current year federal grant activity of the
City and is presented on the accrual basis of accounting. This information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Amounts presented in this
schedule as expenditures may differ from amounts presented in, or used in the presentation of, the basic
financial statements, although such differences are not material.
De Minimis Rate Used: Y
Rate Explanation: The City has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule of expenditures of federal awards included only the current year federal grant activity of the
City and is presented on the accrual basis of accounting. This information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Amounts presented in this
schedule as expenditures may differ from amounts presented in, or used in the presentation of, the basic
financial statements, although such differences are not material.
Title: INDIRECT COST RATE
Accounting Policies: The schedule of expenditures of federal awards included only the current year federal grant activity of the
City and is presented on the accrual basis of accounting. This information is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Amounts presented in this
schedule as expenditures may differ from amounts presented in, or used in the presentation of, the basic
financial statements, although such differences are not material.
De Minimis Rate Used: Y
Rate Explanation: The City has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The City has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.