FAC Explorer

Audit 307556

FY End
2023-06-30
Total Expended
$21.60M
Findings
0
Programs
13
Organization: City of Covington, Kentucky (KY)
Year: 2023 Accepted: 2024-05-30
Auditor: Barnes Dennig & CO LTD

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $8.89M Yes 0
14.871 Section 8 Housing Choice Vouchers $7.49M Yes 0
14.218 Community Development Block Grants/entitlement Grants $2.64M - 0
11.307 Economic Adjustment Assistance $1.47M Yes 0
14.239 Home Investment Partnerships Program $507,413 - 0
97.056 Port Security Grant Program $209,123 - 0
14.900 Lead-Based Paint Hazard Control in Privately-Owned Housing $95,710 - 0
16.922 Equitable Sharing Program $68,434 - 0
15.904 Historic Preservation Fund Grants-in-Aid $48,338 - 0
20.600 State and Community Highway Safety $35,770 - 0
16.607 Bulletproof Vest Partnership Program $14,969 - 0
16.738 Edward Byrne Memorial Justice Assistance Grant Program $12,094 - 0
20.205 Highway Planning and Construction $2,762 - 0

Contacts

Name Title Type
HEJDYFPJNSJ6 Jerome Heist Auditee
8592922132 George Sparks Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 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: N Rate Explanation: THE CITY HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER UNIFORM GUIDANCE. THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF THE CITY OF COVINGTON, KENTUCKY UNDER PROGRAMS OF THE FEDERAL GOVERNMENT FOR THE YEAR ENDED JUNE 30, 2023 AND IS REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. 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. BECAUSE THE SCHEDULE PRESENTS ONLY A SELECTED PORTION OF THE OPERATIONS OF THE CITY OF COVINGTON, KENTUCKY, IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGES IN NET POSITION OR CASH FLOWS OF THE CITY.
Title: PASSTHROUGH ENTITIES Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 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: N Rate Explanation: THE CITY HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER UNIFORM GUIDANCE. PASSTHROUGH ENTITY NUMBERS WERE PRESENTED WHEN AVAILABLE.
Title: SUBRECIPIENTS Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 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: N Rate Explanation: THE CITY HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE ALLOWED UNDER UNIFORM GUIDANCE. THE CITY PASSED THROUGH $197,047 OF COMMUNITY DEVELOPMENT BLOCK GRANT (14.218) FUNDS TO SUBRECIPIENTS DURING THE YEAR ENDED JUNE 30, 2023.