Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: Expenditures reported on this schedule are reported on the modified accrual basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit-
Organizations, or 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 are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2024 the City did not elect to use the 10 percent de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of
Worthington, Minnesota (the City) under programs of the federal government 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 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 operations of the City, it is not intended to and does not present the
financial position, changes in net position or cash flows of the City.
Title: 3. Pass-through Entity Identifying Numbers
Accounting Policies: Expenditures reported on this schedule are reported on the modified accrual basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit-
Organizations, or 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 are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2024 the City did not elect to use the 10 percent de minimis indirect cost rate.
Pass-through entity identifying numbers are presented where available.
Title: 4. Subrecipients
Accounting Policies: Expenditures reported on this schedule are reported on the modified accrual basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit-
Organizations, or 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 are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2024 the City did not elect to use the 10 percent de minimis indirect cost rate.
There were no expenditures in the current year provided to subrecipients.