Notes to SEFA
Title: Assistance Listing Number 97.036
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalaward activity of City and Borough of Sitka, Alaska (the City and Borough) under programs of thefederal government for the year ended June 30, 2022. The information in this Schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of the City andBorough, it is not intended to and does not present the financial position, changes in net position orcash flows of the City and Borough. 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 reimbursement.Negative amounts shown on the Schedule, if any, represent adjustments or credits made in thenormal course of business to amounts reported as expenditures in prior years. Pass-through entityidentifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City and Borough reported the Disaster Grants Public Assistance (Presidentially DeclaredDisasters) expenditures of $65,172 on the Schedule for the year ended June 30, 2022, which wereapproved during the current year fiscal year, but were incurred in the prior fiscal year.
Title: Assistance Listing Number 21.027
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalaward activity of City and Borough of Sitka, Alaska (the City and Borough) under programs of thefederal government for the year ended June 30, 2022. The information in this Schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of the City andBorough, it is not intended to and does not present the financial position, changes in net position orcash flows of the City and Borough. 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 reimbursement.Negative amounts shown on the Schedule, if any, represent adjustments or credits made in thenormal course of business to amounts reported as expenditures in prior years. Pass-through entityidentifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City and Borough reported total Coronavirus State and Local Fiscal Recovery Fundexpenditures of $2,677,496 on the Schedule for the year ended June 30, 2022, of whichexpenditures of $824,833 were incurred during the prior fiscal year.