Notes to SEFA
Accounting Policies: Expenditures reported in the Schedule are reported on the basis of cash receipts and disbursements, which is a basisof accounting other than U.S. generally accepted accounting principles. Such expenditures are recognized following,the cost priniiples contained in tne Uniform Guidance, wherein certain types of expenditures are not allowable or arelimited as to reimbursement. The City has elected to use the 10% de minimis indirect cost rate as allowed under theUniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.