Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Marion, Illinois and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Uniform Administrative Requirements, Cost Principles, and the audit requirements for federal awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation or, the basic financial statements.
The City of Marion, Illinois has elected to use the 10% de minimis cost rate
The City of Marion, Illinois did not provide federal awards to any subrecipients.
There was no non-cash assistance reported in the schedule of expenditures of federal awards
There is no insurance involving federal expenditures.
There are no loans outstanding involving federal funds.
In preparing the financial statements, the City has evaluated transactions for potential disclosure through November 21, 2025, the date the financial statements were available to be issued. Management has determined that no events have occurred subsequent to April 30, 2025, that would require disclosure.