Notes to SEFA
The Schedule of Expenditure of Federal Awards (the Schedule) includes expenditures of federal awards for the City of San Pablo, California and its component units as disclosed in the notes to the Basic Financial Statements.
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements, regardless of the measurement focus applied. The governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. The fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Expenditures of Federal Awards reported on the Schedule are recognized when incurred.
The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule was amended to revise the COVID-19 – Coronavirus State and Local Fiscal Recovery Funds Program (Federal Assistance Listing # 21.027) expenditures to $1,254,679 from $3,706,733 as the City determined that a revision to program expenditures should have been reported during the fiscal year ended June 30, 2023.