Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual or 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. Pass-through entity identifying numbers are presented where available. The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. Program income is reported as expenditures in the year it is received.
De Minimis Rate Used: N
Rate Explanation: The City of Green Bay has not elected to use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of the City of Green Bay (the City) under programs of the federal and state government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State Single Audit Guidelines. Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position or cash flows of the City.
Title: Pass-through Grantors
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual or 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. Pass-through entity identifying numbers are presented where available. The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. Program income is reported as expenditures in the year it is received.
De Minimis Rate Used: N
Rate Explanation: The City of Green Bay has not elected to use the 10% de minimis indirect cost rate.
Federal funds have been passed through the following grantors: WI Dept. of Administration Wisconsin Department of Administration, WI Dept. of Natural Resources Wisconsin Department of Natural Resources, WI State Historic Preservation Office Wisconsin State Historic Preservation Office, WI Dept. of Transportation Wisconsin Department of Transportation, WI National and Community Service Board Wisconsin National and Community Service Board