Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the City of Cumberland under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 Cumberland, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City of Cumberland.
The City of Cumberland has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.