Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) is a supplementary schedule to the City of Adairsville, Georgia’s financial statements and is presented for the purpose of additional analysis. The Schedule includes the federal award activity of the City of Adairsville, Georgia under programs of the federal government for the fiscal year ended December 31, 2024. The City’s reporting entity is defined in Note 1 of 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 the operations of the City of Adairsville, Georgia, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City of Adairsville, Georgia.
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.
The City of Adairsville, Georgia has elected not to use the 10-percent de minimis indirect cost rate allowable under the Uniform Guidance.