Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Utilities Board of the City of Odenville, Alabama and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Cose of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The Board did not elect to use the 10% De Minimus Cost Rate.