Notes to SEFA
Title: 1. Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the City of Blanchard, Oklahoma (the “City”) for the year ended June 30, 2024 and is presented on
the modified cash basis of accounting. The information in this schedule is presented in accordance
with the requirement 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 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 includes the federal grant activity of
the City of Blanchard, Oklahoma (the “City”) for the year ended June 30, 2024 and is presented on
the modified cash basis of accounting. The information in this schedule is presented in accordance
with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: 2. Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the City of Blanchard, Oklahoma (the “City”) for the year ended June 30, 2024 and is presented on
the modified cash basis of accounting. The information in this schedule is presented in accordance
with the requirement 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 has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The City has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: 3. Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the City of Blanchard, Oklahoma (the “City”) for the year ended June 30, 2024 and is presented on
the modified cash basis of accounting. The information in this schedule is presented in accordance
with the requirement 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 has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The City did not provide federal awards to subrecipients during the year ended June 30, 2024.
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