Notes to SEFA
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The schedule is prepared using the modified accrual basis of accounting. During the year ended September 30, 2025, the Federal Emergency Management Agency approved $1,562,413 of eligible expenditures that were incurred in a prior year and are included in the accompanying schedule of expenditures of federal awards and state financial assistance.
The City provided federal awards to subrecipients as follows: See the Notes to the SEFA for Chart/table
The City has not elected to use the 15% de minimis cost rate as covered in the 200.414 indirect (F&A) costs.