Audit 26316

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of the City of Columbus, Nebraska under programs of the federal government for theyear ended September 30, 2022. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of the City of Columbus,Nebraska, it is not intended to and does not present the financial position, changes in net position orcash flows of the City of Columbus, Nebraska. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, or otherapplicable regulatory guidance, wherein certain types of expenditures are not allowable or are limitedas to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits madein the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.