Notes to SEFA
The accompanying schedule of expenditures of federal awards (schedule) presents all activity or expenditure or all federal award programs of the City of Willcox, Arizona (City) for the year ended June 30, 2025. The City’s reporting entity is defined in note 1 of the basic financial statements. All expenditure of federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule.
This accompanying schedule has been prepared on the modified accrual basis of accounting. 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).
Please see table on page 102 of the financial statement package
The City did not elect to use the 10% de minimis indirect cost rate for fiscal year 2025.
The City has outstanding at fiscal year ending June 30, 2025 funding from the U.S. Department of Agriculture through the USDA Rural Utility Services for CFDA #10.760 Capitalization Loans for construction and capital improvements of a waste water system in the amount of $3,798,434. There were no additional compliance requirements for these loans.