Audit 407120

FY End
2025-12-31
Total Expended
$72.64M
Findings
0
Programs
18
Organization: City of Fayetteville, Arkansas (AR)
Year: 2025 Accepted: 2026-07-14

Organization Exclusion Status:

Checking exclusion status...

Contacts

Name Title Type
FKCQRMDULFH9 Steve Dotson Auditee
4795758330 David Coleman Auditor
No contacts on file

Notes to SEFA

The schedules of expenditures of federal and state awards (Schedules) includes the federal and state award activity of the City of Fayetteville, Arkansas (City) under programs of the federal and state government for the year ended December 31, 2025. The information in these Schedules 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 the State of Arkansas. Because the Schedules present only a selected portion of the operations of the City, they are not intended to and do not present the financial position, changes in net position, or cash flows of the City.
Expenditures reported on the Schedules are reported on the modified accrual (governmental funds) and accrual (enterprise funds) 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 as to reimbursement.
The City has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.