Title: 1
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The City of Sioux City has elected to use the 10% de minimis indirect cost rate as allowed in accordance with 2 CFR 200 Part 200.510(b)(6).
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
The reporting entity for purposes of the Schedule of Expenditures of Federal Awards is the same as used for reporting on the annual comprehensive financial report.
Title: 2
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The City of Sioux City has elected to use the 10% de minimis indirect cost rate as allowed in accordance with 2 CFR 200 Part 200.510(b)(6).
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of the City of Sioux City under programs of the federal government for the year ended June 30, 2023. 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). Because the Schedule presents only a selected portion of the operations of the City of Sioux City, it is not intended to and does not present the financial position, changes in financial position, or cash flows of the City of Sioux City.
Title: 3
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The City of Sioux City has elected to use the 10% de minimis indirect cost rate as allowed in accordance with 2 CFR 200 Part 200.510(b)(6).
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
The City administers various loan programs, including the collection of principal and interest, for the Federal government. The outstanding balances of these programs at June 30, 2023, are: CDBG loans - $164,035 and CDBG deferred loans - $218,267
Title: 4
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The City of Sioux City has elected to use the 10% de minimis indirect cost rate as allowed in accordance with 2 CFR 200 Part 200.510(b)(6).
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
The City accepts and approves loan applications under the Section 312 loan program. However, the proceeds of loans from the Federal government and repayment to the Federal government are not administered by the City and are not included in the current year activity for purposes of the Schedule of Expenditures of Federal Awards.
Title: 5
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The City of Sioux City has elected to use the 10% de minimis indirect cost rate as allowed in accordance with 2 CFR 200 Part 200.510(b)(6).
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
The City expended $21,994 of grant funds as a pass-through to subrecipients through CFDA numbers 14.218 and 14.231.
Title: 6
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The City of Sioux City has elected to use the 10% de minimis indirect cost rate as allowed in accordance with 2 CFR 200 Part 200.510(b)(6).
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
The Schedule of Expenditures of Federal Awards is prepared on the cash basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The City of Sioux City has elected to use the 10% de minimis indirect cost rate as allowed in accordance with 2 CFR 200 Part 200.510(b)(6).