Notes to SEFA
Title: A. BASIS OF PRESENTATION
Accounting Policies: B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: D. INDIRECT COST RATEThe City of Groveland, Florida has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal award activity and state award activity of the City of Groveland, Florida, under programs of the federal government and state government for the year ended September 30, 2022. The information in this Schedule 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), and the Section 215.97, Florida Statutes. Because the Schedule presents only a selected portion of the operations of the City of Groveland, Florida, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City of Groveland, Florida.
Title: C. SUBRECIPIENTS
Accounting Policies: B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: D. INDIRECT COST RATEThe City of Groveland, Florida has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The City of Groveland, Florida provided no federal awards to subrecipients in the fiscal year ended September 30, 2022.
Title: E. NONCASH AWARDS
Accounting Policies: B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: D. INDIRECT COST RATEThe City of Groveland, Florida has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The City of Groveland, Florida received no noncash awards in the fiscal year ended September 30, 2022.