Notes to SEFA
Title: Indirect Costs
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursment. The City has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Gudiance. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reported used as the source for the data presented.