Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Overland, Missouri, and has been prepared using the modified cash basis of accounting, which is a basis of accounting other than accounting principals generally accepted in the United States of America. The information in this schedule is also presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
None of the federal expenditures presented in the schedule were provided to sub-recipients.
The objectives of the Coronavirus State and Local Fiscal Recovery Funds is to provide direct payments to local governments to respond to the public health emergency, respond to workers performing essential work during the public health emergency, provide government services, and make necessary investments in water, sewer, or broadband infrastructure.
No non-cash assistance was received related to any federal programs.
The federal programs presented in the previous schedule did not have separate program specific insurance policies.
The federal programs presented in the previous schedule did not have any loans, loan guarantees, or interest subsidies associated with them.
The City has not elected to use the 15% de minimis indirect cost rate allocation.
The City did not receive any donated personal protective equipment during the year ended June 30, 2025.