Title: BASIS OF PRESENTATION
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity
Title: BASIS OF PRESENTATION
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
of the Village of Scotia, New York (the “Village”), an entity as defined in its financial statements,
Title: BASIS OF PRESENTATION
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
under programs of the federal government for the year ended May 31, 2023. The information in
Title: BASIS OF PRESENTATION
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Title: BASIS OF PRESENTATION
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Title: BASIS OF PRESENTATION
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a
Title: BASIS OF PRESENTATION
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
selected portion of the operations of the Village, it is not intended to and does not present the
Title: BASIS OF PRESENTATION
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
financial position, results of operations, or changes in fund balances of the Village.
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Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
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Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
a. Expenditures reported in the Schedule are reported on the modified accrual basis of accounting. Such expenditures are
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
recognized following the cost principles contained in the Uniform Guidance.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
b. Pass-through entity identifying numbers are presented where available.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
c. The Village has not elected to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance.
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Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
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Title: MATCHING COSTS
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
Matching costs, if any, i.e., the Village’s share of certain program costs, are not included in the reported expenditures.
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Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
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Title: INSURANCE
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
The Village did not participate in any federal insurance programs as of May 31, 2023.
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Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
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Title: SUBRECIPIENTS
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
The Village did not subcontract with the other organizations using federal awards during the year ended May 31, 2023.
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Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
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Title: NONCASH ASSISTANCE
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
The Village did not expend federal awards in the form of noncash assistance during the year ended May 31, 2023.
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Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
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Title: LOANS AND LOAN GUARANTEES
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
The Village had no federal loans or federal loan guarantees outstanding as of May 31, 2023.
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Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
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Title: SCOPE OF AUDIT PURSUANT TO THE UNIFORM GUIDANCE
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
The Village of Scotia, New York, the primary government, is an independent municipal corporation. All federal award operations of
Title: SCOPE OF AUDIT PURSUANT TO THE UNIFORM GUIDANCE
Accounting Policies: MODIFIED ACCRUAL BASIS OF ACCOUNTING; PASS-THROUGH ENTITY ID NUMBERS USED WHERE AVAILABLE; MATCHING COSTS NOT INCLUDED IN THE REPORTED EXPENDITURES; ALL FEDERAL AWARD OPERATIONS ARE INCLUDED IN THE SCOPE OF THIS SINGLE AUDIT.
De Minimis Rate Used: N
Rate Explanation: Not Applicable - Auditee did not use de minimis cost rate
the Village are included in the scope of the single audit.