Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Lakeland, Georgia (the “City), and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
The City chose to use the ten percent de minimis cost rate for the year ending December 31, 2024.
The City did not receive non-cash federal awards during the year ending December 31, 2024.