Title: Note A
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
Title: Note B
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
At June 30, 2023, there was an outstanding balance of $5,372,217, $22,475,755 and $5,196,818 on state revolving fund loans 16-360, 19-422 & 20-447,
respectively. Payments during the current fiscal year were $232,428, $1,154,856 & $144,277 on 16-360, 19-422 and 20-447, respectively. The City refunded
$262,767 to USDOT/TDOT for contract #170132 for the grant received in previous years. Grant was still open in FY23. Project was being delayed due to delay in
grantor response and additional requirements, therefore, the City decided to fund the project itself and returned any previous grant monies received.
Title: Note C
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
The City has not elected to use the 10% minimis indirect cost rate as allowed under the Uniform Guidance.
Title: USDOJ
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
USDOJ-United States Department of Justice
Title: USDOT
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
USDOT-United States Department of Transportation
Title: EPA
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
EPA- United States Environmental Protection Agency
Title: TDTD
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
TDTD-Tennessee Department of Tourism Development
Title: TDOT
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
TDOT-Tennessee Department of Transportation
Title: TDEC
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
TDEC-Tennessee Department of Environment and Conservation
Title: USDT
Accounting Policies: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: See next tab
USDT-United States Department of Treasury