Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Basis of Presentation, Summry of Signifcant Accounting Policies, Matching Requirements
De Minimis Rate Used: N
Rate Explanation: Elected not to use indirect cost rate
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the City of Coeur d’Alene (the Government’s) under programs of the federal government for the year ended September 30, 2021. The information on this Schedule is prepared 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). Because the Schedule presents only a selected portion of the operations of the Government, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Government.
Title: Summary of Significant Accounting Policies
Accounting Policies: Basis of Presentation, Summry of Signifcant Accounting Policies, Matching Requirements
De Minimis Rate Used: N
Rate Explanation: Elected not to use indirect cost rate
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
Title: Summary of Significant Accounting Policies
Accounting Policies: Basis of Presentation, Summry of Signifcant Accounting Policies, Matching Requirements
De Minimis Rate Used: N
Rate Explanation: Elected not to use indirect cost rate
The Government has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Summary of Significant Accounting Policies
Accounting Policies: Basis of Presentation, Summry of Signifcant Accounting Policies, Matching Requirements
De Minimis Rate Used: N
Rate Explanation: Elected not to use indirect cost rate
Pass-through entity identifying numbers are presented where available.
Title: Matching Requirements
Accounting Policies: Basis of Presentation, Summry of Signifcant Accounting Policies, Matching Requirements
De Minimis Rate Used: N
Rate Explanation: Elected not to use indirect cost rate
Certain Federal programs require the Government to contribute non-Federal funds (matching funds) to support the Federally-funded programs. The Government has met its matching requirements. The Schedule does not include the expenditure of non-Federal matching funds.