Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: Grantor funding under Bullhead City Fire District’s federal awards does not allow for indirect costs and, accordingly, Bullhead City Fire District did not use the 10 percent de minimis indirect cost rate as covered in 2 CFR §200.414
The accompanying schedule of expenditures of federal awards (schedule) includes Bullhead City Fire District’s federal grant activity for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance).
Title: Federal Assistance Listings Number
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: Grantor funding under Bullhead City Fire District’s federal awards does not allow for indirect costs and, accordingly, Bullhead City Fire District did not use the 10 percent de minimis indirect cost rate as covered in 2 CFR §200.414
The program titles and Federal Assistance Listings numbers were obtained from the federal or pass-through grantor or the 2024 Federal Assistance Listings.