Title: NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes all federal grant activity of the City of Alexandria, Virginia and its component units during FY 2023. The City’s reporting entity is defined in Note 1 of the City’s basic financial statements. federal awards are received directly, as well as passed through other governmental agencies.
This Schedule has been prepared on the modified accrual basis of accounting. Expenditures are recorded when the liability is incurred. 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).
De Minimis Rate Used: N
Rate Explanation: The rate approved by the awarding agency was used instead of the 10% de minus
The accompanying schedule of expenditures of federal awards (the Schedule) includes all federal grant activity of the City of Alexandria, Virginia and its component units during FY 2023. The City’s reporting entity is defined in Note 1 of the City’s basic financial statements. federal awards are received directly, as well as passed through other governmental agencies.
This Schedule has been prepared on the modified accrual basis of accounting. Expenditures are recorded when the liability is incurred. 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).
Title: NOTE 2 INDIRECT COSTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes all federal grant activity of the City of Alexandria, Virginia and its component units during FY 2023. The City’s reporting entity is defined in Note 1 of the City’s basic financial statements. federal awards are received directly, as well as passed through other governmental agencies.
This Schedule has been prepared on the modified accrual basis of accounting. Expenditures are recorded when the liability is incurred. 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).
De Minimis Rate Used: N
Rate Explanation: The rate approved by the awarding agency was used instead of the 10% de minus
he City and the Alexandria City Public Schools did not elect to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 3 RECONCILIATION OF NOTES TO FINANCIAL STATEMENTS TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes all federal grant activity of the City of Alexandria, Virginia and its component units during FY 2023. The City’s reporting entity is defined in Note 1 of the City’s basic financial statements. federal awards are received directly, as well as passed through other governmental agencies.
This Schedule has been prepared on the modified accrual basis of accounting. Expenditures are recorded when the liability is incurred. 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).
De Minimis Rate Used: N
Rate Explanation: The rate approved by the awarding agency was used instead of the 10% de minus
The City receives and expends federal revenues that are nongrant related and therefore not reportable under the Schedule. A reconciliation of the Schedule to Note 12 in the notes to the financial statements, Intergovernmental Revenues, is provided below: Total Federal Expenditure per Schedule $88,984,021 Nonreportable Federal Revenue $7,425,833 Total Federal Revenue per Note 12 $96,409,854
Title: NOTE 4 FEDERAL COGNIZANT AGENCY
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes all federal grant activity of the City of Alexandria, Virginia and its component units during FY 2023. The City’s reporting entity is defined in Note 1 of the City’s basic financial statements. federal awards are received directly, as well as passed through other governmental agencies.
This Schedule has been prepared on the modified accrual basis of accounting. Expenditures are recorded when the liability is incurred. 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).
De Minimis Rate Used: N
Rate Explanation: The rate approved by the awarding agency was used instead of the 10% de minus
The Federal Cognizant Agency for the City of Alexandria, Virginia is the United States Department of Housing and Urban Development.