Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The information in this schedule is presented in accordance with the requirements of the Office of Management
and Budget Uniform Guidance. Therefore, amounts presented in this schedule may differ from the amounts presented in, or used in, the
preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of St. Cloud, Florida has elected not to use the 10% de minimis indirect cost rate allowed under the OMB Uniform
The Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of St. Cloud, Florida and is presented on the
accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management
and Budget Uniform Guidance. Therefore, amounts presented in this schedule may differ from the amounts presented in, or used in, the
preparation of the basic financial statements
Title: Indirect Cost Rate
Accounting Policies: The information in this schedule is presented in accordance with the requirements of the Office of Management
and Budget Uniform Guidance. Therefore, amounts presented in this schedule may differ from the amounts presented in, or used in, the
preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of St. Cloud, Florida has elected not to use the 10% de minimis indirect cost rate allowed under the OMB Uniform
The City of St. Cloud, Florida has elected not to use the 10% de minimis indirect cost rate allowed under the OMB Uniform
Title: Additional Information
Accounting Policies: The information in this schedule is presented in accordance with the requirements of the Office of Management
and Budget Uniform Guidance. Therefore, amounts presented in this schedule may differ from the amounts presented in, or used in, the
preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of St. Cloud, Florida has elected not to use the 10% de minimis indirect cost rate allowed under the OMB Uniform
Assistance Listing Number 97.036, Disaster Grants - Public Assistance (Presidentially Declared Disasters) includes $261,289 in expenditures
that occurred prior to October 1, 2023