Notes to SEFA
Title: RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) presentsthe activity of all federal financial assistance programs of the City of Carson,California (the City). For purposes of this schedule, financial awards include federalawards received directly from federal agencies, as well as federal funds receivedindirectly by the City from non-federal agencies or other organizations. Only theportions of program expenditures reimbursable with federal funds are reported inthe accompanying SEFA. Program expenditures in excess of the maximumreimbursement authorized, if any, or the portion of the program expenditures thatwere funded with other state, local or other non-federal funds are excluded from theaccompanying SEFA.The information in the SEFA is presented in accordance with the requirements of Title2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the SEFA presents only a selected portion of the operations of the City, it isnot intended to and does not present the financial position, changes in net position, orcash flows of the City. The accompanying SEFA is presented using the modified accrual basis ofaccounting for governmental funds, which is described in Note 1 of the Citys basicfinancial statements. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are notallowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Grant expenditure reports for the year ended June 30, 2022, which have beensubmitted to grantor agencies, will, in some cases, differ from the amountsdisclosed herein. The reports prepared for grantor agencies are typically preparedat a later date and often reflect refined estimates of the year-end accruals.
Title: RELATIONSHIP TO ANNUAL COMPREHENSIVE FINANCIAL REPORT
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) presentsthe activity of all federal financial assistance programs of the City of Carson,California (the City). For purposes of this schedule, financial awards include federalawards received directly from federal agencies, as well as federal funds receivedindirectly by the City from non-federal agencies or other organizations. Only theportions of program expenditures reimbursable with federal funds are reported inthe accompanying SEFA. Program expenditures in excess of the maximumreimbursement authorized, if any, or the portion of the program expenditures thatwere funded with other state, local or other non-federal funds are excluded from theaccompanying SEFA.The information in the SEFA is presented in accordance with the requirements of Title2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the SEFA presents only a selected portion of the operations of the City, it isnot intended to and does not present the financial position, changes in net position, orcash flows of the City. The accompanying SEFA is presented using the modified accrual basis ofaccounting for governmental funds, which is described in Note 1 of the Citys basicfinancial statements. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are notallowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the accompanying SEFA agree, in all material respects, toamounts reported within the Citys Annual Comprehensive Financial Report.