Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of City of Athens under programs of the federal government 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 City of Athens, it is not intended to and does not present the financial position, changes in net position, or cash flows of City of Athens.
Expenditures reported on the Schedule are reported on the cash 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years
The City of Athens has elected not to use the de minimis indirect cost rate as allowed under the uniform guidance
The City of Athens passes certain federal awards received from The Ohio Department of Development to other governments or not-for-profit agencies (subrecipients). As Note B describes the City of Athens reports expenditures of Federal awards to subrecipients when paid in cash.
The Current cash balance on the City of Athens local program income account as of 2025 is $781,446