Notes to SEFA
The accompanying schedule of expenditures of federal awards (The "Schedule") includes the federal award activity of City of Mondamin under programs of the federal government for the year ended June 30, 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 the City of Mondamin, it is not intended to and does not present the financial position, changes in financial position, or cash flows of the City of Mondamin.
City of Mondamin has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
City of Mondamin does not have grants passed through to subrecipients.
The following loan balances were outstanding at June 30, 2024: Program Assistance Amount Listing Outstanding Water and Waste Disposal Systems for Rural Communities 10.760 $ 2,427,740