Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of City of Scott City, Kansas, (the City) under programs of the federal government for the year ended December 31, 2025. The information in this schedule if 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 select portion of the operations of City, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City. The Schedule is presented using regulatory basis of accounting prescribed by the Kanas Municipal Audit and Accounting Guide (as described in Note 1 to the financial statement), which is the same basis of accounting as the financial statement accompanying this schedule.
1) Expenditures reported in the Schedule of Expenditures of Federal Awards (SEFA) are reported using the accounting practices prescribed by the State of Kansas to demonstrate compliance with the cash and budget laws of the State of Kansas, the same as the financial statement accompanying this schedule. 2) City of Scott City, Kansas did not use the standard indirect cost rate of 10%. statement accompanying this schedule.
Funds where federal expenditure was receipted and expended: General Fund $ 122,941 Airport Sinking 1,107,877 Capital Improvement Fund 750,000 $ 1,980,818