Notes to SEFA
The accompanying schedule of expenditures of federal and State awards (the “Schedule”) includes the federal and State award activity of the City of Jacksonville, North Carolina, primary government, under programs of the federal and State government for the year ended June 30, 2025. 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 City of Jacksonville, it is not intended to and does not present the financial position, changes in net position, or cash flows of City of Jacksonville. Therefore, some amounts presented in the schedule may differ from the amount presented in or used in the preparation of the basic financial statements.
The Opioid Settlement Funds are not considered State Financial Assistance but are to be included under State Expenditures only for reporting and audit purposes.
During the fiscal year, the City of Jacksonville made prepayments of $30,504 for software, $184 for training, $88 for a stormwater permit, and $82 for a subscription. These prepayments were recorded as prepaid expenses on the balance sheet. For SEFSA reporting, the full $30,858 is included in the year of payment, as per the accrual basis of accounting.