Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual
basis of accounting. Under the modified accrual basis of accounting, expenditures are recognized when
the related liability is incurred.
In instances where the grant agreement requires the City to match grant awards with local funds, such
matching funds are excluded in the accompanying Schedule of Expenditures of Federal Awards.
Federal grant programs which are administered through State agencies (pass-through awards) have
been included in this report. These programs are operated according to Federal regulations promulgated
by the Federal agency providing the funding.
The information in this 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. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of the financial statements. The City did not pass any federal awards through to sub-recipients.
De Minimis Rate Used: N
Rate Explanation: The City did not utilize the 10% de minimus indirect cost rate permitted by the Uniform Guidance