Title: BASIS OF PRESENTATION
Accounting Policies: EXPENDITURES/EXPENSES DISBURSED REPORTED ON THE SEFA ARE REPORTED ON THE MODIFIED CASH BASIS OF ACCOUNTING. SUCH EXPENDITURES/EXPENSES DISBURSED ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN, CERTAIN TYPES OF EXPENDITURES/EXPENSES DISBURSED ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: THE CITY OF HAMILTON, IL HAS ELECTED TO NOT USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE. NO COST RATE USED. ACTUAL COSTS WERE USED.
DESCRIBES HOW THE INFORMATION IS PRESENTED IN THE SEFA. THIS STATES THAT THE SEFA DOES NOT PRESENT FINANCIAL POSITION, CHANGES IN NET POSITION OR CASH FLOWS OF THE CITY OF HAMILTON, IL.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: EXPENDITURES/EXPENSES DISBURSED REPORTED ON THE SEFA ARE REPORTED ON THE MODIFIED CASH BASIS OF ACCOUNTING. SUCH EXPENDITURES/EXPENSES DISBURSED ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN, CERTAIN TYPES OF EXPENDITURES/EXPENSES DISBURSED ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: THE CITY OF HAMILTON, IL HAS ELECTED TO NOT USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE. NO COST RATE USED. ACTUAL COSTS WERE USED.
DESCRIBES THAT THE EXPENDITURES/EXPENSES DISBURSED IN THE SEFA ARE REPORTED ON THE MODIFIED CASH BASIS OF ACCOUNTING.
Title: INDIRECT COST RATE
Accounting Policies: EXPENDITURES/EXPENSES DISBURSED REPORTED ON THE SEFA ARE REPORTED ON THE MODIFIED CASH BASIS OF ACCOUNTING. SUCH EXPENDITURES/EXPENSES DISBURSED ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN, CERTAIN TYPES OF EXPENDITURES/EXPENSES DISBURSED ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: THE CITY OF HAMILTON, IL HAS ELECTED TO NOT USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE. NO COST RATE USED. ACTUAL COSTS WERE USED.
NOTE STATES THAT THE CITY OF HAMILTON, IL ELECTED NOT TO USE THE 10% DE MINIMIS COST RATE ALLOWED BY UNIFORM GUIDANCE.
Title: SUBRECIPIENTS
Accounting Policies: EXPENDITURES/EXPENSES DISBURSED REPORTED ON THE SEFA ARE REPORTED ON THE MODIFIED CASH BASIS OF ACCOUNTING. SUCH EXPENDITURES/EXPENSES DISBURSED ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN, CERTAIN TYPES OF EXPENDITURES/EXPENSES DISBURSED ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: THE CITY OF HAMILTON, IL HAS ELECTED TO NOT USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE. NO COST RATE USED. ACTUAL COSTS WERE USED.
NOTE STATES THAT THE CITY OF HAMILTON, IL DID NOT REMIT ANY FEDERAL AWARDS TO SUBRECIPIENTS.
Title: PROGRAMS
Accounting Policies: EXPENDITURES/EXPENSES DISBURSED REPORTED ON THE SEFA ARE REPORTED ON THE MODIFIED CASH BASIS OF ACCOUNTING. SUCH EXPENDITURES/EXPENSES DISBURSED ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN, CERTAIN TYPES OF EXPENDITURES/EXPENSES DISBURSED ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: THE CITY OF HAMILTON, IL HAS ELECTED TO NOT USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE. NO COST RATE USED. ACTUAL COSTS WERE USED.
NOTES DESCRIBES THE THREE FEDERAL PROGRAMS, THE GRANT AWARD, AND THE AMOUNT OF FEDERAL AWARDS EXPENDED AS OF APRIL 30, 2023.
Title: RELATIONSHIP TO THE FINANCIAL STATEMENTS
Accounting Policies: EXPENDITURES/EXPENSES DISBURSED REPORTED ON THE SEFA ARE REPORTED ON THE MODIFIED CASH BASIS OF ACCOUNTING. SUCH EXPENDITURES/EXPENSES DISBURSED ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN, CERTAIN TYPES OF EXPENDITURES/EXPENSES DISBURSED ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: THE CITY OF HAMILTON, IL HAS ELECTED TO NOT USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE. NO COST RATE USED. ACTUAL COSTS WERE USED.
NOTE DESCRIBES THE AMOUNT OF FEDERAL AWARD REVENUE RECEIVED AND IN WHAT FUND. NOTES DESCRIBES THE FEDERAL EXPENDITURES/EXPENSES DISBURSED AND WHAT FUND AND FUNCTION THEY ARE INCLUDED IN.
Title: FEDERAL NON-CASH ASSISTANCE, FEDERAL LOANS, FEDERAL GUARANTEES, FEDERAL INSURANCE COVERAGE
Accounting Policies: EXPENDITURES/EXPENSES DISBURSED REPORTED ON THE SEFA ARE REPORTED ON THE MODIFIED CASH BASIS OF ACCOUNTING. SUCH EXPENDITURES/EXPENSES DISBURSED ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN, CERTAIN TYPES OF EXPENDITURES/EXPENSES DISBURSED ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: THE CITY OF HAMILTON, IL HAS ELECTED TO NOT USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE. NO COST RATE USED. ACTUAL COSTS WERE USED.
NOTE STATES THERE ARE NO FEDERAL LOAN GUARANTEES, FLODD INSURANCE IS THROUGH THEIR INSURANCE CARRIER, ILLINOIS MUNICIPAL LEAGUE RISK MANAGEMENT ASSOC. AND THERE IS NO FEDERAL NON-CASH ASSISTANCE.