Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes in federal award activity of Pleasant Grove City (the City) under programs of the federal government for the year ended June 30, 2024. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position or fund balance, or cash flows of the City.
Federal financial assistance is defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance, endowments, or direct appropriations. Federal financial assistance does not include direct federal cash assistance to individuals. Assistance Listing Number - Uniform Guidance requires the Schedule to show the total expenditures for each the City's federal financial assistance programs as identified in the Assistance Listing Number (ALN). The ALN is a government-wide summary of individual federal programs. Each program included in the ALN is assigned a five digit program identification number (ALN) which is reflected in the Schedule. Federal financial assistance programs and contracts which have not been assigned a ALN have been identified as "None" in the ALN Column of the Schedule. Type A and Type B Programs - The Single Audit Act of 1984 (as amended) and the Uniform Guidance establish the levels to be used in defining Type A and Type B federal programs. Type A programs for the City are those programs that exceeded $750,000 in the federal awards expended for the fiscal year ended June 30, 2024. All other programs are classified as Type B by the City.
Reporting Entity - The City reporting entity is fulled descirbed in Footnote 1 of the City's basis financial statements. The Schedule includes all federal financial assistance programs administered by the City for the year ended June 30, 2024.
Basis of Accounting - Expenditures report in the Schedule are reporting on the same basis of accounting used for each as described in Footnote 1 of the City's basic financial statements. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain type of expenditures are not allowable or are limited as to reimbursement.