Notes to SEFA
The accompanying schedule of expenditures of federal awards (schedule) includes the federal award activity of Dyersville Events, Inc. under programs of the federal government for the year ended December 31, 2024. The information in this schedule is 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). Because the schedule presents only a selected portion of the operations of Dyersville Events, Inc., it is not intended to and does not present the financial position, changes in financial position or cash flows of Dyersville Events, Inc.
Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Dyersville Events, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.