Notes to SEFA
Accounting Policies: Note 2 - Significant Accounting PoliciesBasis of AccountingThe information in the Schedule is presented in accordance with Uniform Guidance. The Schedule is prepared using the same accounting policies and basis of accounting as the basic financial statements.Major ProgramsUniform Guidance establishes the levels of expenditures or expenses and other criteria to be used in defining major federal financial assistance. The federal award tested as a major program was CARES Act number 21.019.Indirect CostsGenerally, the City does not charge indirect costs to grants, and therefore, does not use the 10 percent de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.