Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs of the City of Lindsay (the City). Federal awards received directly from federal agencies, as well as federal awards passed through other government agencies are included in the schedule. The information in this SEFA 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).
The accompanying SEFA is presented using the modified accrual basis of accounting, which is described in Note 1 of the City’s basic financial statements.
Federal award expenditures agree or can be reconciled with the amounts reported in the City’s basic financial statements.
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.