Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on this schedule are reported on both the accrual basis and modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2024, the City did not elect to use the 10% de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Red Wing,
Minnesota, (the City) for the year ended December 31, 2024. The City's reporting entity is defined in Note 1A to the City's
financial statements. The information in this schedule is presented in accordance with the requirement of the Uniform
Guidance, Audits of States, Local Governments, and Non-Profit Organizations. All Federal awards received directly from
Federal agencies as well as Federal awards passed through other government agencies are included on the schedule.
Title: Pass-through Entity Identifying Numbers
Accounting Policies: Expenditures reported on this schedule are reported on both the accrual basis and modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2024, the City did not elect to use the 10% de minimis indirect cost rate.
Pass-through entity identifying numbers, if any, are presented where available.
Title: Subrecipients
Accounting Policies: Expenditures reported on this schedule are reported on both the accrual basis and modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2024, the City did not elect to use the 10% de minimis indirect cost rate.
No federal expenditures presented in this schedule were provided to subrecipients.