Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance programs of the City. The City’s reporting entity is defined in Note 1 to the financial statements for the year ended December 31, 2025. The information in this 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). 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 assets, or cash flows of the City. Disaster Grants from the U.S. Department of Homeland Security, passed through the Louisiana Office of Homeland Security and Emergency Preparedness, the Natural Gas Distribution Infrastructure Safety and Modernization grant program from the U.S. Department Transportation, and the Capitalization Grants for Drinking Water State Revolving Fund from the U.S. Environmental Protection Agency, passed through the Louisiana Department of Health were considered to be major federal programs of the City.
Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the modified 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 to reimbursement. Pass-through identifying numbers are presented where available. The City did not incur any indirect costs associated with federal awards. The City has not elected to use the fifteen (15) percent de minimis indirect cost
The City provided no federal awards to subrecipients.
The City did not receive donated PPE purchased with federal assistance funds for COVID-19 response.
Loans made during the year are reported as federal expenditures and included on the schedule under the Assistance Listing Number 66.468, Capitalization Grants for Drinking Water State Revolving Fund. The balance of loans outstanding at December 31, 2025 consists of $957,008. The expenditures on the Schedule of Expenditures of Federal Awards is $403,114 more than the loan balance due to a draw not yet requested for all of current year expenditures in the amount of $305,102 and loan forgiveness in the amount of $708,216. More information on the loan forgiveness is in Note 8 – Long-Term Liabilities. The expenditures on the Schedule of Expenditures of Federal Awards is $536,462 more than the loan balance due to a draw not yet requested for all of current year expenditures in the amount of $302,140 and loan forgiveness in the amount of $234,322. More information on the loan forgiveness is in Note 8 – Long-Term Liabilities.
The City must record expenditures on the SEFA when (1) FEMA has approved the corresponding project worksheet and (2) the eligible expenditure has been incurred. As a result, the Schedule of Expenditures of Federal Awards includes $1,282,073 listed under Assistance Listing Number 97.036 related to expenditures that were incurred in a prior year.