Notes to SEFA
The accompanying schedule of expenditures of federal awards and state financial assistance includes the federal and state grant activity of the City of Ocala, Florida and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Federal OMB Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations and Chapter 10.550, Rules of the Auditor General. Therefore some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
The City of Ocala did not elect to use the 15% de minimis indirect cost rate as allowed under the Uniform Guidance
Assistance Listing Number 97.036 Disaster Grants. Public Assistance (Presidentially Declared Disasters) include $684,404 in expenditures that occurred prior to October 1, 2024