Notes to SEFA
Accounting Policies: The SEFA has been prepared in accordance with generally accepted accounting principles (GAAP) as applicable to governmental units. The city maintains compliance with the types of compliance requirements described in the OMB Compliance Supplement and the Department of Financial Services State Projects Compliance Supplement that could have a direct and material effect on each of the City's major federal programs and state projects for the fiscal year ended September 30, 2022, the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the audit 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); and Chapter 10.550, Rules of the Florida Auditor General compliance in accordance with the Uniform Guidance and Chapter 10.550,
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.