Notes to SEFA
Certain highway and construction projects funded with federal awards are performed in conjunction with the Missouri Department of Transportation (MoDOT). MoDOT leads such projects, incurring all expenditures and handling the reimbursement requests. In these instances, the City authorizes MoDOT to use its awarded federal monies to complete the project. MoDOT accepts responsibility for any compliance requirements related to the federal monies utilized for the project. The City does not actually expend the monies, but instead causes the grant proceeds which it has been awarded to be transferred to MoDOT. During 2025, no projects were managed by MoDOT. During 2024, no projects were managed by MoDOT
The accompanying Schedule is presented using the modified accrual basis of accounting, which is described in Note 1 to the financial statements of the City of Wildwood, Missouri.