Notes to SEFA
Title: Summary of Significant Accounting Policies
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
Fund liability is incurred.
In instances where the grant agreement requires the City to match grant awards with City 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 City did not pass any funds through to sub-recipients
De Minimis Rate Used: N
Rate Explanation: The City utilized the 10% de minimis indirect cost rate.
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
Fund liability is incurred.
In instances where the grant agreement requires the City to match grant awards with City 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 City did not pass any funds through to sub-recipients