Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant expenditures of City of Alton, Illinois and is presented on the accrual basis of accounting for the year ended March 31, 2025. The information in this schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). The City elected to not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the 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.
The City did not dispense noncash assistance during the year ended March 31, 2025.
The City did not receive or administer any insurance, loans or loan guarantees during the fiscal year ended March 31, 2025.