Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Clanton, Alabama (the City) and is presented on the accrual basis of accounting. Under this basis of accounting, revenues are recognized when earned and expenses are recognized when the related liability is incurred. 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).
The City’s reporting entity is fully described in Note 1 to the financial statements.
The City did not elect to charge a de minimus rate of 15% for all federal awards.