Audit 299266

Title: BASIS OF PRESENTATION Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of the City of La Mirada (City) under programs of the federal government for the fiscal 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, it is not intended to and does not present the financial position or results of the City’s operations. De Minimis Rate Used: N Rate Explanation: The City has elected not to use the 10-percent de minimis indiret cost rate. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of the City of La Mirada (City) under programs of the federal government for the fiscal 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, it is not intended to and does not present the financial position or results of the City’s operations.

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of the City of La Mirada (City) under programs of the federal government for the fiscal 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, it is not intended to and does not present the financial position or results of the City’s operations. De Minimis Rate Used: N Rate Explanation: The City has elected not to use the 10-percent de minimis indiret cost rate. Basis of Accounting The accompanying Schedule is presented using the modified accrual basis of accounting for governmental funds, which is described in Note 1 of the notes to the City’s financial statements. 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. Indirect Cost Rates The City has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. During the fiscal year 2022-2023, the City did not charge indirect costs to any federal programs.

Title: PROGRAM DESCRIPTIONS Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of the City of La Mirada (City) under programs of the federal government for the fiscal 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, it is not intended to and does not present the financial position or results of the City’s operations. De Minimis Rate Used: N Rate Explanation: The City has elected not to use the 10-percent de minimis indiret cost rate. U.S. Department of Housing and Urban Development Community Development Block Grant (CDBG) The Community Development Block Grant (CDBG) Program was authorized under Title I of the Housing and Community Development Act of 1974. The primary objective of the CDBG Program is the development of viable urban communities, including adequate housing, a suitable living environment, and expansion of economic opportunities principally for persons of low to moderate income. Under this program, the Department of Housing and Urban Development (HUD) distributes funds based upon approved applications to eligible local governmental units for the purpose of community improvement and betterment. The City uses CDBG funds to finance a comprehensive home improvement program that assists low- and moderate-income residents through low interest subsidies and deferred loans, business assistance grants, mortgage and rental assistance grants, code enforcement, and senior service programs. Federal Highway Administration Highway Planning and Construction The Highway Planning and Construction Grant Program is to assist states in providing for construction, preservation, and improvement of highways and bridges on eligible Federal_x0002_Aid routes, and for other special-purpose programs and projects. The Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law is a once-in-a_x0002_generation investment in infrastructure that will help grow the economy, enhance U.S. competitiveness, create jobs, and build safe, resilient, and equitable transportation future. The State of California provided a grant to the City for pavement rehabilitation. Department of Transportation Federal Transit Administration Urbanized Area Formula Grants: CRRSAA CARES ACT ARPA The Urbanized Area Formula Funding program makes federal resources available for transit related capital purchases and operating assistance. U.S. Department of the Treasury Coronavirus State and Local Fiscal Recovery Funds The program allows units of local governments to respond to the COVID-19 public health emergency or its negative economic impact including to provide assistance to households, small business, nonprofits, and impacted industries, such as tourism, travel, and hospitality; respond to workers performing essential work during the COVID-19 pandemic by providing premium pay to eligible workers of the State, territory, tribal government, metropolitan city, county, or nonentitlement units of local government performing essential work or by providing grants to eligible employers that have eligible workers; provide government services, to the extent of the reduction of revenue due to COVID-19 relative to revenues collected in the most recent full fiscal year of the State, territory, tribal government, metropolitan city, county, or nonentitlement units of local government; or make necessary investments in water, sewer, or broadband infrastructure.

Title: AMOUNTS PROVIDED TO SUBRECIPIENTS Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of the City of La Mirada (City) under programs of the federal government for the fiscal 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, it is not intended to and does not present the financial position or results of the City’s operations. De Minimis Rate Used: N Rate Explanation: The City has elected not to use the 10-percent de minimis indiret cost rate. For the fiscal year ended June 30, 2023, the City passed through $0 to other agencies.