Notes to SEFA
The amounts reported in the accompanying Schedule were obtained from the City’s general ledger. Because the Schedule presents only a selected portion of the operations, it is not intended to and does not present the financial position and changes in net assets of the City. For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal or other pass-through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the Schedule. The City has obtained Assistance Listing (AL) numbers to ensure that all programs have been identified in the Schedule. AL numbers have been appropriately listed by applicable programs. Federal programs with different AL numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
The City is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as “pass-through” are considered direct.
The amounts reflected in the financial reports submitted to the awarding federal and/or passthrough agencies and the Schedule may differ. Some of the factors that may account for any difference include the following: • The City’s fiscal year end may differ from the program’s year end. • Accruals recognized in the Schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period. • Fixed asset purchases and the resultant depreciation charges may be recognized as fixed assets in the City’s financial statements and as expenditures in the program financial reports and the Schedule.
Grant monies received and disbursed are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. The City does not believe that such disallowance, if any, would have a material effect on its financial position. As of September 30, 2025, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
The City did not receive any federal noncash assistance for the fiscal year ended September 30, 2025.
The City did not provide federal funds to subrecipients for the fiscal year ended September 30, 2025.
The City did not have any loans or loan guarantee programs required to be reported on the Schedule for the fiscal year ended September 30, 2025.
The City did not have any federally funded insurance required to be reported on the Schedule for the fiscal year ended September 30, 2025.