Title: Federal Forfeited Property Program
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of the City of Wichita under programs of the federal government for the year ended December 31, 2023 and is presented on the modified accrual basis of accounting, except for subrecipient expenditures, which are recorded on the cash basis. The information in the SEFA 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Wichita doesn’t qualify for the 10% de minimis cost rate allowed under Section 200.414(f) of the Uniform Guidance. Instead of the de minimus rate, the City of Wichita works with a consultant to prepare an indirect cost rate plan (ICAP) that is submitted to the cognizant agency on an annual basis for review and approval. The City’s indirect cost rates used in the 2023 financial statements and for reimbursement of 2023 federal expenditures were approved by the cognizant agency.
In 2023, the Narcotic Seizure program acquired $829,787 in federal forfeited property and expended $67,230 on the qualified program.
Title: Community Services Block Grant
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of the City of Wichita under programs of the federal government for the year ended December 31, 2023 and is presented on the modified accrual basis of accounting, except for subrecipient expenditures, which are recorded on the cash basis. The information in the SEFA 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Wichita doesn’t qualify for the 10% de minimis cost rate allowed under Section 200.414(f) of the Uniform Guidance. Instead of the de minimus rate, the City of Wichita works with a consultant to prepare an indirect cost rate plan (ICAP) that is submitted to the cognizant agency on an annual basis for review and approval. The City’s indirect cost rates used in the 2023 financial statements and for reimbursement of 2023 federal expenditures were approved by the cognizant agency.
The Community Services Block Grant (CSBG) is passed to the City of Wichita through the Kansas Housing Resources Corporation. Expenditures for the grant program years ending September 30, 2023 and September 30, 2024 are summarized in the following tables.
Title: WIFIA Bonds (Loans) Program
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of the City of Wichita under programs of the federal government for the year ended December 31, 2023 and is presented on the modified accrual basis of accounting, except for subrecipient expenditures, which are recorded on the cash basis. The information in the SEFA 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Wichita doesn’t qualify for the 10% de minimis cost rate allowed under Section 200.414(f) of the Uniform Guidance. Instead of the de minimus rate, the City of Wichita works with a consultant to prepare an indirect cost rate plan (ICAP) that is submitted to the cognizant agency on an annual basis for review and approval. The City’s indirect cost rates used in the 2023 financial statements and for reimbursement of 2023 federal expenditures were approved by the cognizant agency.
Expenditures reported in this schedule consist of the beginning year outstanding loan balances plus advances made on the loans during the year. The outstanding balance at December 31, 2023 was $273,287,574. For further information on the City’s WIFIA Bonds (loans), see Note 10.F – Direct Borrowings and Placements: Bonds and Long-Term Loans.