Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of City of Savanna (the “City”) and is presented on the modified cash basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Expenditures on the Schedule are reported on the modified cash basis of accounting which is a basis of accounting other than generally accepted accounting principles (GAAP). Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The City did not elect to include the 10% de minimis indirect cost rate allowed under the Uniform Guidance
The City received no federal non-cash assistance during the year ended April 30, 2026. The City had no sub-recipients during the year ended April 30, 2026