Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the 'Schedule') presents the activity of all federal award programs of the City of Stone Mountain, Georgia ("the City") for the year ended December 31, 2024. All federal awards received directly from the federal agencies, as well as those passed through other government agencies, are included on the Schedule.
The accompanying Schedule includes federal grant activity of the City under programs of the federal government for the six months ended December 31, 2024. The information in this schedule is presented in conformity with the requirements of Title 2 U.S. Code of Federal Requirements (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (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 financial position or changes in net position. Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Federal award expenditures are reported in the City's basic financial statements as expenditures in the General Fund and special revenue funds.
The City uses an appropriate actual indirect cost allocation methodology for its federal programs and did not use the 15% de Minimis indirect cost rate as allowed under the Uniform Guidance and covered in 2 CFR Part 200.414.
No amounts were paid to subrecipients for the six months ended December 31, 2024.