Notes to SEFA
Title: Measurement Focus
Accounting Policies: The schedule of expenditures of federal awards is prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: During the year ended June 30, 2023, the City did not use the de-minimis indirect cost rate.
The determination of when an award is expended is based on when the activity related to the award occurred.
Title: Program Type Determination
Accounting Policies: The schedule of expenditures of federal awards is prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: During the year ended June 30, 2023, the City did not use the de-minimis indirect cost rate.
Type A programs are defined as federal programs with federal expenditures exceeding the larger of $750,000, or 3%, of total federal expenditures. The threshold of $750,000 was used in distinguishing between Type A and Type B programs.
Title: Method of Major Program Selection
Accounting Policies: The schedule of expenditures of federal awards is prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: During the year ended June 30, 2023, the City did not use the de-minimis indirect cost rate.
The risk based approach was used in the selection of federal programs to be tested as major programs. The City did not qualify as a low-risk auditee for the fiscal year ended June 30, 2023.
Title: Subrecipients
Accounting Policies: The schedule of expenditures of federal awards is prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: During the year ended June 30, 2023, the City did not use the de-minimis indirect cost rate.
The City did not pass through any funds to subrecipients during the fiscal year