Notes to SEFA
The accompanying supplementary schedule of expenditures of federal awards (the Schedule) presents the activity of all federal financial assistance programs of the City of North Las Vegas (the City). The reporting entity is defined in Note 1 to the basic financial statements. The Schedule includes all federal financial assistance received directly from federal agencies as well as federal financial assistance passed through other government agencies.
The Schedule includes the federal grant activity of the City and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance 2 CFR §200.
For fiscal year 2025, either the de minimis indirect cost rate of 10% was utilized or the negotiated indirect cost rate of 28.48% was utilized, depending on the award conditions.
As of June 30, 2025, outstanding loan balances were as follows: Federal Assistance Listing Balance Number Program Title Payable 66.458 Capitalization Grants for Clean Water State Revolving Funds $ 510,334 66.458 Capitalization Grants for Drinking Water State Revolving Funds 15,332,206 $ 15,842,540