Audit 258335

Title: Loan/loan guarantee outstanding balances Accounting Policies: Basis of Presentation: The schedule of expenditures of federal awards and state financial assistance summarizes the activity of the City of Dyersburg, Tennessee under the federal award programs and state assistance for the year ended June 30, 2022, and is presented on the accrual basis of accounting. The schedule of expenditures of federal awards and state financial assistance for Dyersburg Electric System and Dyersburg City Schools were presented in their separately issued audit reports and, therefore, are not reported here.Summary of Significant Accounting Policies: Expenditures reported on the schedule are reported on the 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. CAPITALIZATION GRANTS FOR CLEAN WATER STATE REVOLVING FUNDS (66.458) - Balances outstanding at the end of the audit period were 916069.