Notes to SEFA
The Schedule of Expenditures of Federal Awards presents the activity of all federal awards of Brigham City, Utah. Federal awards received directly from federal agencies as well as federal awards passed through other governmental agencies are included on the Schedule of Expenditures of Federal Awards.
The Schedule of Expenditures of Federal Awards is presented using the full-accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
The City has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance
The City has the following loan balances outstanding on June 30, 2025:Loan Description: Rural Economic Development Loans and Grants Balance: $2,000,000