Title: Basis of Presentation
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting, except for
subrecipient expenditures, which are recorded on the cash basis. 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 Dyersville has
elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The City of Dyersville has elected not to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards (schedule) includes the federal award
activity of the City of Dyersville 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 Dyersville, it is not intended to and does not present the financial
position, changes in financial position or cash flows of the City of Dyersville.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting, except for
subrecipient expenditures, which are recorded on the cash basis. 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 Dyersville has
elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The City of Dyersville has elected not to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
Expenditures reported in the schedule are reported on the modified accrual basis of accounting, except for
subrecipient expenditures, which are recorded on the cash basis. 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 Dyersville has
elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting, except for
subrecipient expenditures, which are recorded on the cash basis. 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 Dyersville has
elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The City of Dyersville has elected not to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
The City of Dyersville has elected not to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.