Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of the Town of Pinedale, Wyoming, and is presented on the cash basis of accounting. Federal revenues are recognized when received, and expenditures are recognized when cash is paid. 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Federal loan programs, if any, are reported at the outstanding loan balance as of the end of the fiscal year, as required by the Uniform Guidance. The Town of Pinedale has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.