Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of New Ulm, Minnesota (the City) for the year ended December 31, 2025. The City's reporting entity is defined in Note 1A to the City's financial statements. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. All Federal awards received directly from Federal agencies as well as Federal awards passed through other government agencies are included on the schedule.
Expenditures reported on this schedule are reported on the modified accrual basis of accounting.
Pass-through entity identifying numbers, if any, are presented where available.
No federal expenditures presented in this schedule were provided to subrecipients.
During the year ended December 31, 2025, the City did not elect to use the 15% de minimis indirect cost rate.