Notes to SEFA
Title: Program Income
Accounting Policies: This schedule is prepared on the same basis of accounting as the City's financial statements. The City of Vancouver uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City does not use the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs.
The City has a revolving loan program for low income housing. Under this federal program, repayments to the City are considered program revenue (income) and loans of such funds to eligible recipients are considered federal expenditures.
Title: Program Costs
Accounting Policies: This schedule is prepared on the same basis of accounting as the City's financial statements. The City of Vancouver uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City does not use the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs.
The amounts shown as current year expenditures represent only general award portions of the program costs. Entire program costs, including the City's portion may be more than shown.
Title: Subrecipient Reporting
Accounting Policies: This schedule is prepared on the same basis of accounting as the City's financial statements. The City of Vancouver uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City does not use the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs.
Disbursements of funds to subrecipients are reported on the SEFA on the same basis of accounting as the City's financial statements.
Title: Noncash Awards- Supplier
Accounting Policies: This schedule is prepared on the same basis of accounting as the City's financial statements. The City of Vancouver uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City does not use the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs.
The City of Vancouver received supplies that were purchased with Federal Homeland Security funds by the State of Oregon. The amount reported on the SEFA is the value of the property on the date it was received by the City of Vancouver and priced by the State of Oregon.