Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the City of Salem, Missouri (the "City") under programs of the federal government for the year ended June 30, 2025. The information in this 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Expenditures reported on the Schedule are reported on the 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 has not elected to use the 10% de minimis indirect cost rate.
The City did not provide funds to subrecipients in the current year.
The City did not have any federal loan or loan guarantee programs during the year ended June 30, 2025. Accordingly, no loan balances are required to be reported on the Schedule of Expenditures of Federal Awards.
The City received no non-cash assistance during the year ended June 30, 2025.
The federal programs presented in the previous schedule did not have separate program specific insurance policies.