Notes to SEFA
Title: Note 1
Accounting Policies: Schedule is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: City did not use the de minimis cost rate
Basis of Presentation: the schedule is presented using the modified accrual basis of accounting.
Title: Note 2
Accounting Policies: Schedule is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: City did not use the de minimis cost rate
Indirect Cost Rate: The City of Lewisburg, Tennessee has elected to not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 3
Accounting Policies: Schedule is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: City did not use the de minimis cost rate
The City of Lewisburg, TN did not have any funds passed through to subrecients.
Title: Note 4
Accounting Policies: Schedule is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: City did not use the de minimis cost rate
Federal Assisted Listing 20.106 Total $458,459
Title: Note 5
Accounting Policies: Schedule is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: City did not use the de minimis cost rate
Federal Assisted Listing 20.205 Total $163,174