Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City
and is presented on the modified accrual basis of accounting as described in Note 1 to the basic financial
statements for the year ended September 30, 2024. The information in the Schedule of Expenditures of Federal
Awards 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).
De Minimis Rate Used: N
Rate Explanation: The City elected not to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.