Notes to SEFA
This Schedule is prepared on the same basis of accounting as the City’s financial statements and in accordance with the requirements contained in Uniform Guidance. The City uses the modified accrual basis of accounting in all governmental and custodial funds of the City.
The City has not elected to use the 15-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal award portion of the program costs. Entire program costs, including the City’s portion, are more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Expenditures in the amount of $80,203 reported on this Schedule relate to expenditures from 2023 that were not previously included on the SEFA. In addition, expenditures in the amount of $321,377 on this Schedule relate to expenditures from 2024 that were not previously included on the SEFA. As such, the $401,580 that was not previously included is included on the 2025 SEFA. This impacts the following ALNs: See the Notes to the SEFA for chart/table