Notes to SEFA
THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES ONLY THE CURRENT YEAR FEDERAL GRANT ACTIVITY OF THE CITY AND IS PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. THIS INFORMATION IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE UNIFORM GUIDANCE. AMOUNTS PRESENTED IN THIS SCHEDULE AS EXPENDITURES MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS, ALTHOUGH SUCH DIFFERENCES ARE NOT MATERIAL.
THE CITY HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE.