Audit 304148

Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of the City of Sunbury (City) under programs of the federal government for the year ended December 31, 2022. 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 select portion of operations of the City, it is not intended to be and does not present the financial position, changes in financial position, or cash flows of the City. Federal awards are reported using the modified cash basis of accounting. Revenues and expenditures are recorded when they result from cash transactions. 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. De Minimis Rate Used: Both Rate Explanation: The City has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.