Title: Matching Costs
Accounting Policies: 1. Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal award activityof the Village of Scotia, New York (the Village), an entity as defined in its financial statements,under programs of the federal government for the year ended May 31, 2022. The information inthis schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedule presents only aselected portion of the operations of the Village, it is not intended to and does not present thefinancial position, results of operations, or changes in fund balances of the Village.2. Summary of Significant Accounting Policiesa. Expenditures reported in the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance.b. Pass-through entity identifying numbers are presented where available.c. The Village has not elected to use the 10 percent de-minimis indirect cost rate as allowedunder the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Matching costs, if any, i.e., the Villages share of certain program costs, are not included in the reported expenditures.
Title: Insurance
Accounting Policies: 1. Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal award activityof the Village of Scotia, New York (the Village), an entity as defined in its financial statements,under programs of the federal government for the year ended May 31, 2022. The information inthis schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedule presents only aselected portion of the operations of the Village, it is not intended to and does not present thefinancial position, results of operations, or changes in fund balances of the Village.2. Summary of Significant Accounting Policiesa. Expenditures reported in the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance.b. Pass-through entity identifying numbers are presented where available.c. The Village has not elected to use the 10 percent de-minimis indirect cost rate as allowedunder the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Village did not participate in any federal insurance programs as of May 31, 2022.
Title: Subrecipients
Accounting Policies: 1. Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal award activityof the Village of Scotia, New York (the Village), an entity as defined in its financial statements,under programs of the federal government for the year ended May 31, 2022. The information inthis schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedule presents only aselected portion of the operations of the Village, it is not intended to and does not present thefinancial position, results of operations, or changes in fund balances of the Village.2. Summary of Significant Accounting Policiesa. Expenditures reported in the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance.b. Pass-through entity identifying numbers are presented where available.c. The Village has not elected to use the 10 percent de-minimis indirect cost rate as allowedunder the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Village did not subcontract with the other organizations using federal awards during the year ended May 31, 2022.
Title: Noncash Assistance
Accounting Policies: 1. Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal award activityof the Village of Scotia, New York (the Village), an entity as defined in its financial statements,under programs of the federal government for the year ended May 31, 2022. The information inthis schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedule presents only aselected portion of the operations of the Village, it is not intended to and does not present thefinancial position, results of operations, or changes in fund balances of the Village.2. Summary of Significant Accounting Policiesa. Expenditures reported in the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance.b. Pass-through entity identifying numbers are presented where available.c. The Village has not elected to use the 10 percent de-minimis indirect cost rate as allowedunder the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Village did not expend federal awards in the form of noncash assistance during the year ended May 31, 2022.
Title: Loans and Loan Guarantees
Accounting Policies: 1. Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal award activityof the Village of Scotia, New York (the Village), an entity as defined in its financial statements,under programs of the federal government for the year ended May 31, 2022. The information inthis schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedule presents only aselected portion of the operations of the Village, it is not intended to and does not present thefinancial position, results of operations, or changes in fund balances of the Village.2. Summary of Significant Accounting Policiesa. Expenditures reported in the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance.b. Pass-through entity identifying numbers are presented where available.c. The Village has not elected to use the 10 percent de-minimis indirect cost rate as allowedunder the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Village had no federal loans or federal loan guarantees outstanding as of May 31, 2022.
Title: Scope of Audit Pursuant to the Uniform Guidance
Accounting Policies: 1. Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal award activityof the Village of Scotia, New York (the Village), an entity as defined in its financial statements,under programs of the federal government for the year ended May 31, 2022. The information inthis schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedule presents only aselected portion of the operations of the Village, it is not intended to and does not present thefinancial position, results of operations, or changes in fund balances of the Village.2. Summary of Significant Accounting Policiesa. Expenditures reported in the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance.b. Pass-through entity identifying numbers are presented where available.c. The Village has not elected to use the 10 percent de-minimis indirect cost rate as allowedunder the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Village of Scotia, New York, the primary government, is an independent municipalcorporation. All federal award operations of the Village are included in the scope of the single audit.