Notes to SEFA
The Schedule of Expenditures of Federal Awards (the Schedule) includes expenditures of federal awards received directly from federal agencies and federal awards passed-through other governmental agencies for the City of Mountain View, California (City) as disclosed in the notes to the basic financial statements. The information in the 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).
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements, regardless of the measurement focus applied. Expenditures of federal awards reported in the Schedule are recognized when incurred and all eligibility requirements have been met. Such expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The accompanying Schedule presents the activity of all federal financial assistance programs of the City. Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through the State of California is included in the Schedule. The Schedule was prepared only from the accounts of various grant programs and, therefore, does not present the financial position or results of operations of the City.
Federal awards may be granted directly to the City by a federal granting agency or may be granted to other agencies which pass through federal awards to the City. The Schedule includes both of these type of federal award programs when related expenditures are incurred.
The City did not elect to use the 10% de minimis indirect cost rate.