Title: Note 1 - Entity Definition
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Hartselle under programs of the federal government for the year ended September 30, 2022 presented on the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recognized when the related Fund liability is incurred. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements. Since the schedule presents only a select portion of the operations of the City of Hartselle, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City. The City of Hartselle elected not to utilize the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The City of Hartselle elected not to utilize the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
For the purposes of this schedule, the entity is defined as the City of Hartsell; therefore, this schedule does not include the grant activities of the City of Hartselle’s Board of Education (“Board of Education), a component unit of the City described in the notes to the general-purpose financial statements. This entity is subject to and has undergone a separate single audit as needed to comply with the Uniform Guidance.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Hartselle under programs of the federal government for the year ended September 30, 2022 presented on the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recognized when the related Fund liability is incurred. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements. Since the schedule presents only a select portion of the operations of the City of Hartselle, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City. The City of Hartselle elected not to utilize the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The City of Hartselle elected not to utilize the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Hartselle under programs of the federal government for the year ended September 30, 2022 presented on the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recognized when the related Fund liability is incurred. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements. Since the schedule presents only a select portion of the operations of the City of Hartselle, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City. The City of Hartselle elected not to utilize the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 3 - Payments to Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Hartselle under programs of the federal government for the year ended September 30, 2022 presented on the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recognized when the related Fund liability is incurred. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements. Since the schedule presents only a select portion of the operations of the City of Hartselle, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City. The City of Hartselle elected not to utilize the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The City of Hartselle elected not to utilize the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The City passes certain federal awards received agencies of the United States Government to not-for-profit agencies (subrecipients). The City reports expenditures of Federal awards to subrecipients when paid in cash.