Notes to SEFA
This Schedule is prepared on the same basis of accounting as the city’s financial statements. The city uses the BARS for cash basis Local Government accounting.
The city has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the city’s portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
On September 21, 2023, the EPA awarded the City a $2,000,000 federal grant. The grant allowed for expenditures of the wastewater treatment plant expansion that started in 2022. Therefore, amounts shown as current year expenditures include $81,986.84 from 2023. Further, on August 2, 2024, the EPA awarded the City a $1,000,000 federal grant. The grant allowed for expenditures of the wastewater treatment plant expansion that started in 2022. Therefore, amounts shown as current year expenditures include $904,656.92 from 2022 and 2023.