Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Madison, Alabama and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
The City’s reporting entity is fully described in Note 1 to the basic financial statements.
The City did not provide federal awards to any subrecipients during the year ended September 30, 2025.
The City did not have program income during the year ended September 30, 2025.
The City did not elect to charge a de minimis rate for federal awards.