Notes to SEFA
Amounts reported in the accompanying schedules agree with the amounts reported in the related federal and state financial reports. In addition, the City has not elected to use the de minimus cost rate as covered in 2 CFR 200 414 (F&AS) costs.
Amounts reported in the accompanying schedules agree with the amounts reported in the City's regulatory basis financial statements. These amounts are reported in the Current Fund, Grant Fund, Trust Funds, HUD Trust Funds and General Capital Fund.
Matching contributions expended by the City in accordance with terms of the various grants are not reported in the accompanying schedules.