Notes to SEFA
The accompanying schedule of expenditures of federal awards included the federal grant activity of the City of Willmar, Minnesota 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.
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available.
During the year ended December 31, 2024, the City did not pass-through funds to subrecipients.
The City of Willmar did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.