Notes to SEFA
Accounting Policies: (1)GENERALThe accompanying schedule of expenditures of federal awards (SEFA) presents the activity of the federal award programs of the City of Pleasant Hill, California (the City). The Citys reporting entity is defined in Note 1 to its basic financial statements. The SEFA includes all federal awards received directly from federal agencies and federal awards passed through from other governmental agencies.(2)BASIS OF PRESENTATIONThe accompanying SEFA is presented using the modified accrual basis of accounting for program expenditures accounted for in the governmental funds as described in Note 1 to the Citys basic financial statements. (3)RELATIONSHIP TO THE BASIC FINANCIAL STATEMENTSExpenditures of federal awards are reported in the Citys basic financial statements as expenditures in the governmental funds. Federal award expenditures agree or can be reconciled with the amounts reported in the Citys basic financial statements. (4)RELATIONSHIP TO FEDERAL FINANCIAL REPORTSAmounts reported in the SEFA agree to or can be reconciled with the amounts reported in the related federal financial reports. (5)INDIRECT COSTSThe City did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.