Notes to SEFA
The accompanying Schedule includes the federal award activity of the City under programs of the federal government for the year ended June 30, 2025, and is reported on the accrual basis of accounting. The information in the Schedule is presented in accordance with 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 assets, or cash flows of the City.
Revenues recognized from federal sources per the Schedule are included in four different funds in the City’s financial statements. Federal grant revenues of $2,604,620 are included in grant income – federal within the general fund column on the statement of revenues, expenditures and changes in fund balances – governmental funds. Federal grant revenues included in project reimbursements on the statement of revenues, expenditures, and changes in fund balances – proprietary funds are as follows: $82,845 in the water fund and $281,351 in the sewer fund.