Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of the City of Edmond, Oklahoma (the “City”) for the year ended June 30, 2025 and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). For the year ended June 30, 2025, expenditures awarded from the Environmental Protection Agency (EPA), under Assistance Listing Number 66.202, relate to congressionally mandated projects that were formally awarded for allowable costs incurred during the fiscal years ended June 30, 2023 and June 30, 2024. Such expenditures were subsequently recognized on the Schedule of Expenditures of Federal Awards following execution of the federal award.
The accompanying SEFA includes federal loan programs. The City participates in the Clean Water State Revolving Fund and Drinking Water State Revolving Fund programs (Assistance Listing Numbers 66.458 and 66.468, respectively). The amounts expended under these programs for the year ended June 30, 2025, which also total the outstanding balances of loans under these programs, were $861,556 and $2,954,198, respectively.
The accompanying SEFA reports expenditures of $10 million related to Assistance Listing Number 66.202 that were incurred and paid by the City in a prior year. The City received the award during the year ended June 30, 2025, for these costs and therefore has included these previous expenditures in the accompanying SEFA for the year ended June 30, 2025.
The City did not elect to use the 10 percent de minimis indirect cost as covered in 2CFR 200.414.