Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of City of Vandalia, Missouri under programs of the federal government for the year ended February 28, 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 Vandalia, Missouri, it is not intended to and does not present the financial position, changes in net assets, or cash flows of City of Vandalia, Missouri.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The City of Vandalia, Missouri had no sub-recipients during the year ended February 28, 2025.
The City of Vandalia, Missouri had no non-monetary federal awards during the year ended February 28, 2025.
The City of Vandalia, Missouri has elected to use the 10% de minimis cost rate as allowed under the Uniform Guidance.