This Schedule of Expenditures of Federal Awards (SEFA) includes the Federal grant activity of the City of Sparks, Nevada and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. The City of Sparks, Nevada received federal awards both directly from federal agencies and indirectly through pass-through entities.
Governmental fund types primarily account for the City's federal grant activity. Therefore, expenditures in the SEFA are recognized on the modified accrual basis - when they become a demand on current available financial resources. Federal financial assistance provided to a subrecipient is treated as an expenditure when it is paid to the subrecipient. The City's summary of significant accounting policies is presented in Note 1 in the City's basic financial statements. The City has not elected to use the 10% de minimus cost rate.
Coronavirus State & Local Fiscal Recovery Funds sub-award payments from the City of Sparks to the Nevada System of Higher Learning (UNR) for $14,484 (Research and Development Cluster) were recorded in the Sparks Grants and Donations Fund during the year ended June 30, 2024 on an accrual basis; however, they were not included in the year ended June 30, 2024 schedule as payment was not made during the year. They are included in the year ended June 30, 2025 Schedule.
Community Development Block Grant Fund sub-award payments from the City of Sparks to Opportunity Alliance for $12,843, and Silver State Fair Housing for $6,300 were recorded in the Community Development Block Grant Fund during the year ended June 30, 2024 on an accrual basis; however, they were not included in the June 30, 2024 Schedule as payment was not made during the year. They are included in the year ended June 30, 2025 Schedule. Community Development Block Grant Fund sub-award payments from the City of Sparks to Eddy House for $11,753 were recorded in the Community Development Block Grant Fund during the year ended June 30, 2025 on an accrual basis; however, they were not included in the June 30, 2025 Schedule as payment was not made during the year.
Economic Development Initiative, Community Project Funding, and Miscellaneous Grants program subaward payments from the City of Sparks to Oddie Project for $44,990 were recorded in the Economic Development Initiative, Community Project Funding, and Miscellaneous Grant during the year ended June 30, 2025 on an accrual basis; however, they were not included in the June 30, 2025 Schedule as payment was not made during the year.