Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
activity of City of Sandy, Oregon (the City) under programs of the federal government for the year ended June
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S.
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
of the operations of the City, it is not intended to and does not present the financial position, changes in net
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
assets, or cash flows of the City.
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
on the Schedule represent adjustments or credits made in the normal course of business to amounts reported
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
as expenditures in prior years.
Title: Note 3. Indirect Cost Rate
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 4. Subrecipients
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: 750000
There were no amounts paid to subrecipients by the City from federal funds for the year ended June 30, 2023.