Notes to SEFA
General: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of City of Jacksonville, Illinois. The City's reporting entity is defined in Note 1 to the City's financial statements. Federal awards passed through other government agencies are included on the schedule. Basis of Accounting: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Relationship to Basic Financial Statements: Federal awards received are reflected in the City's financial statements as revenue from federal sources.
Federal Revenues Per Financial Statements $527,768; Non-Cash Assistance Not Included in Financial Statements $0; Federal Revenues Per Schedule of Expenditures of Federal Awards $527,768
City of Jacksonville, Illinois had no federal insurance in effect during the year ended December 31, 2025
City of Jacksonville, Illinois had $3,165,302 Federal loans or Federal loan guarantees outstanding as of December 31, 2025, which is included in the total 2025 alternative revenue bond issuance balance of $13,583,338. The remaining balance consists of State monies and bond proceeds.
City of Jacksonville, Illinois did not elect to use the 10% de minimis cost rate for federal programs