Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance programs of the City of Mountain Brook, Alabama. All federal financial assistance received directly from federal agencies, as well as federal financial assistance passed through other state and local government agencies, is included in the schedule.
The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the City's financial statements.
The City does not utilize the 15 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The City has no federally funded insurance and no federally funded loans or loan guarantees for the fiscal year ended September 30, 2025.
During the year ended September 30, 2025, the City did not receive any non-cash federal assistance.