Notes to SEFA
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the City of Columbia, Missouri (City) for the year ended September 30. 2025. All federal financial assistance received directly from federal agencies, as well as federal assistance passed through other governmental agencies expended during the year, is included in the schedule. The information in the 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 Requirement for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from the amounts presented in or used in the preparation of the basic financial statements. Because the SEFA presents only a select portion of the operations of the City, it is not intended to and does not present the basic financial position of the City,
Expenditures of federal awards are recognized under the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The City elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.