Notes to SEFA
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, may be 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.
A portion of reported expenditures for these projects are related to multiple years prior to 2024. Final grant reimbursements occurred following the end of the 2024 fiscal year. However, the amount of federal funds received in the final reimbursement combined with the funds received during 2023 exceed the recorded expenditures for the 2023 fiscal year.