Notes to SEFA
Title: NOTE 2 - DISASTER GRANTS:
Accounting Policies: The Schedule of Expenditures of Federal Awards and State Financial Assistance was prepared with the accounting policies described in 'Note 1 -Summary of Significant Accounting Policies' of the Notes to the Financial Statements.
De Minimis Rate Used: N
Rate Explanation: The City's federal awards did not include indirect cost reimbursement and; therefore, the City did not elect to use the 10 percent de minimus cost rate, as covered by 2 CFR 200.214
Following a Presidential declaration of a major disaster or emergency, the Federal Emergency Management Agency awards grants to assist affected entities with the response to, and recovery from, such disasters. In fiscal year 2023, FEMA approved $44,958.13,of eligible expenditures incurred in fiscal year ended September 30, 2023 For COVID an event from March 2020.