Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State Financial Assistance (the Schedule) presents the activity of all federal awards and state financial assistance projects of the City of North Miami, Florida (the City) for the year ended September 30, 2025.
The information in the 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) and Chapter 10.550, Rules of Auditor General, Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net positions, or cash flows of the City.
Grant monies received and disbursed by the City are for specific purposes and are subject to review by grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Management is not aware of any material questioned or disallowed costs as a result of grant audits in process or completed; however, the possible disallowance by a governmental agency of any item charged to a program cannot be determined at this time.
Of the federal awards presented in the Schedules, the City did not provide any amounts to subrecipients.
The City has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.