Notes to SEFA
Accounting Policies: Note A - Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards include the federalgrant activity of the the City of Abbeville, Louisiana and has been prepared using the modified accrual basisof accounting as contemplated under generally accepted accounting principles and which is the same basis ofaccounting used for presenting the fund financial statements. The information in this schedule is presented inaccordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministration Requirements, Cost Principles, and Audit Requirements for Federal Grants. Therefore, someamounts presented in this table may differ from amounts presented in, or used in the presentation of,the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.