Title: 1. Reporting Entity
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: AGENCY USED ACTUAL
The reporting entity for the schedule of expenditures of federal awards includes the City of Birmingham, Alabama (“the City”). The federal awards of the Birmingham Airport Authority, a discretely presented component unit, are not included.
Title: 2. Basis of Presentation
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: AGENCY USED ACTUAL
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Birmingham, Alabama (“the City”) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of the City.
Title: 3. Program Income
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: AGENCY USED ACTUAL
In accordance with the terms of the grants, program income from the programs listed below was used to reduce the amount of federal funds used to complete grant projects:
Title: 3. Program Income
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: AGENCY USED ACTUAL
● 14.218 Community Development Block Grants/Entitlement Grants Cluster: $70,553
Title: 3. Program Income
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: AGENCY USED ACTUAL
● 14.239 Home Investment Partnerships Program: $187,125
Title: 4. Indirect Cost Rate
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: AGENCY USED ACTUAL
The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended June 30, 2023, the City did not elect to use this rate.
Title: 5. Federally Funded Insurance and Federally Funded Loans.
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: AGENCY USED ACTUAL
The City did not have any federal loans or loan guarantees outstanding during the year ended June 30, 2023.
Title: 6. Non-cash Assistance
Accounting Policies: ACCRUAL
De Minimis Rate Used: N
Rate Explanation: AGENCY USED ACTUAL
During the year ended June 30, 2023, the City did not receive non-cash federal assistance.