Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Town of Provincetown, Massachusetts under programs of federal government for the year ended June 30, 2025. 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 (Uniform Guidance). Because the Schedule presents only a select portion of the operations of the Town of Provincetown, Massachusetts, it is not intended to and does not present the financial position, change in net position, or cash flows of the Town of Provincetown, Massachusetts.
The Town of Provincetown, Massachusetts did not elect to use the 10% de minimis indirect cost rate identified in §200.414 of the Uniform Guidance.
The amount reported for the National School Lunch Program – Non-Cash Assistance (Commodities) represents nonmonetary assistance and is reported in the Schedule at the fair market value of the commodities received. The amounts reported for the School Breakfast Program – Cash Assistance and the National School Lunch Program – Cash Assistance represent cash receipts from federal reimbursements.
The Town of Provincetown, Massachusetts was approved by the U.S. Department of Agriculture to receive loans to improve its wastewater system. The amount listed for this loan is the value of new loans received during the year ended June 30, 2025.