Notes to SEFA
Title: Note 3 - Program Costs
Accounting Policies: Note 1 - The Schedule of Financial Assistance is prepared on the same basis as the city's financial statements. The city uses the modified accrual basis of accounting for the governmental fund types and agency funds. Full accrual basis of accounting is used for the proprietary funds and pension trust fund.
De Minimis Rate Used: N
Rate Explanation: Note 2 - The City of Camas has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal or state grant portion of the program costs. Entire program costs, including the city's portion, may be more than shown.