Notes to SEFA
Title: Reconciliation of Federal Expenditures
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of the City of Walker and is presented on the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal Assistance expended as reported on the Schedule of Expenditures of Federal Awards $2,383,032 Federal Grant Revenues as reported on: Exhibit B-5 - All Governmental Fund Types - Statement of Revenues,
Expenditures and Changes in Fund Balance $464,749 Exhibit C-2 - Proprietary Fund - Statement of Revenues, Expenses, and Changes in Net Position $1,918,283 Total $2,383,032