Notes to SEFA
Title: NON-CASH ASSISTANCE AND LOANS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity ofthe City of Tifton, Georgia (the City) and is presented on the modified accrual basis of accounting.The information in this schedule is presented in accordance with the requirements of 2 CFR Part 200,OMBs Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards. Therefore, some amounts presented in this schedule may differ from amounts presented in,or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no federal awards expended in the form of non-cash assistance during the year. Therewere also no loans or loan guarantees outstanding at year-end.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity ofthe City of Tifton, Georgia (the City) and is presented on the modified accrual basis of accounting.The information in this schedule is presented in accordance with the requirements of 2 CFR Part 200,OMBs Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards. Therefore, some amounts presented in this schedule may differ from amounts presented in,or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City did not pass through any funds to subrecipients during the year ended June 30, 2022.