Notes to SEFA
This Schedule is prepared on the same basis of accounting as the City’s financial statements. The City uses the modified accrual basis of accounting in all governmental and custodial funds of the City.
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 award portion of the program costs. Entire program costs, including the City’s portion, are more than shown. Such expenditures are recognized following 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.
When a Federal program has been awarded to the City with an unknown ALN number, other identifiers such as the major program, program, and function codes, as established through grant accounting, are used to prepare the schedule. A list of all Unknown ALN numbers and other identifying factors having expenditures during FY 2024 are listed below