Title: Human Services Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the primary government of the City and County of Denver (the City). The City’s reporting entity is defined in Note 1 in the City’s basic financial statements for the year ended December 31, 2023.
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). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Schedule includes federally funded projects received directly from federal agencies and the federal amount of pass-through awards received by the City through the State of Colorado or other non-federal entities.
The City’s basic financial statements include the operations of the Denver Urban Renewal Authority (DURA), a discretely presented component unit, which expended less than $750,000 in federal awards, so is not included in the City’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
The City’s summary of significant accounting policies is presented in Note 1 in the City’s basic financial statements. Governmental funds and proprietary funds account for the City’s federal grant activity. Amounts reported in the Schedule for governmental funds are recognized on the modified accrual basis when they become a demand on current available federal resources and other program requirements are met. Available means collectible within the current period, or soon enough thereafter, to pay liabilities of the current period or when matured. The City considers all revenue as available, if collected within 60 days after year end. Amounts reported in the Schedule for proprietary funds are recognized on the accrual basis at the time liabilities are incurred and all other program requirements are met.
Certain federal award programs are administered through the Colorado Department of Human Services (CDHS); CDHS reports information for these programs on the cash basis. As a result, these programs, as listed below, are reported in the City's Schedule of Expenditures of Federal Awards on the cash basis (see table). Such expenditures are recognized following, as applicable, the cost principles in OMB A-87 or the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or reports to federal agencies.
De Minimis Rate Used: Both
Rate Explanation: The City has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, except for the following Assistance Listing Numbers (11.024, 16.575, 16.582, 16.738, 17.207, 17.258, 17.259, 17.268, 17.270, 17.277, 17.278, 17.801, 21.027, 66.605, 66.818, 93.069, 93.136, 93.243, 93.268, 93.317, 93.323, 93.354, 93.391, 93.421, 93.566, 93.914, 93.994) which elected to use a rate agreed on through the grant agreement or interagency agreement.
The City’s Department of Human Services operates several federally funded human services programs where benefits are provided to qualified citizens. The benefit distribution method consists of participants receiving benefits using a state-maintained electronic banking card (EBT) instead of the City’s cash disbursements. The Colorado Department of Human Services provided total EBT authorizations to qualified citizens in the City, in the amount of $108,204,159, of which $55,742,842 is the federal share. The revenue and expenditures associated with these federal programs are not recognized in the City’s basic financial statements.
Title: State Information Technology System
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the primary government of the City and County of Denver (the City). The City’s reporting entity is defined in Note 1 in the City’s basic financial statements for the year ended December 31, 2023.
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). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Schedule includes federally funded projects received directly from federal agencies and the federal amount of pass-through awards received by the City through the State of Colorado or other non-federal entities.
The City’s basic financial statements include the operations of the Denver Urban Renewal Authority (DURA), a discretely presented component unit, which expended less than $750,000 in federal awards, so is not included in the City’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
The City’s summary of significant accounting policies is presented in Note 1 in the City’s basic financial statements. Governmental funds and proprietary funds account for the City’s federal grant activity. Amounts reported in the Schedule for governmental funds are recognized on the modified accrual basis when they become a demand on current available federal resources and other program requirements are met. Available means collectible within the current period, or soon enough thereafter, to pay liabilities of the current period or when matured. The City considers all revenue as available, if collected within 60 days after year end. Amounts reported in the Schedule for proprietary funds are recognized on the accrual basis at the time liabilities are incurred and all other program requirements are met.
Certain federal award programs are administered through the Colorado Department of Human Services (CDHS); CDHS reports information for these programs on the cash basis. As a result, these programs, as listed below, are reported in the City's Schedule of Expenditures of Federal Awards on the cash basis (see table). Such expenditures are recognized following, as applicable, the cost principles in OMB A-87 or the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or reports to federal agencies.
De Minimis Rate Used: Both
Rate Explanation: The City has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, except for the following Assistance Listing Numbers (11.024, 16.575, 16.582, 16.738, 17.207, 17.258, 17.259, 17.268, 17.270, 17.277, 17.278, 17.801, 21.027, 66.605, 66.818, 93.069, 93.136, 93.243, 93.268, 93.317, 93.323, 93.354, 93.391, 93.421, 93.566, 93.914, 93.994) which elected to use a rate agreed on through the grant agreement or interagency agreement.
In 2004, the State of Colorado (the State) implemented the new Colorado Benefits Management System (CBMS), which consolidated legacy systems into one system and also incorporated a rules engine for determining eligibility and calculating and issuing benefits payments. As a result, the counties and the State split eligibility determination functions for certain federal Human Services’ programs under CBMS. Counties are responsible for data collection from applicants and data entry of applicable information into CBMS. Concurrently, the State maintains the computer system supporting the eligibility determination process and pays benefits to the participants. The actual eligibility and payment determinations become the State’s responsibility utilizing CBMS.
Title: Revolving Loans- Not Subject to Compliance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the primary government of the City and County of Denver (the City). The City’s reporting entity is defined in Note 1 in the City’s basic financial statements for the year ended December 31, 2023.
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). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Schedule includes federally funded projects received directly from federal agencies and the federal amount of pass-through awards received by the City through the State of Colorado or other non-federal entities.
The City’s basic financial statements include the operations of the Denver Urban Renewal Authority (DURA), a discretely presented component unit, which expended less than $750,000 in federal awards, so is not included in the City’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
The City’s summary of significant accounting policies is presented in Note 1 in the City’s basic financial statements. Governmental funds and proprietary funds account for the City’s federal grant activity. Amounts reported in the Schedule for governmental funds are recognized on the modified accrual basis when they become a demand on current available federal resources and other program requirements are met. Available means collectible within the current period, or soon enough thereafter, to pay liabilities of the current period or when matured. The City considers all revenue as available, if collected within 60 days after year end. Amounts reported in the Schedule for proprietary funds are recognized on the accrual basis at the time liabilities are incurred and all other program requirements are met.
Certain federal award programs are administered through the Colorado Department of Human Services (CDHS); CDHS reports information for these programs on the cash basis. As a result, these programs, as listed below, are reported in the City's Schedule of Expenditures of Federal Awards on the cash basis (see table). Such expenditures are recognized following, as applicable, the cost principles in OMB A-87 or the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or reports to federal agencies.
De Minimis Rate Used: Both
Rate Explanation: The City has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, except for the following Assistance Listing Numbers (11.024, 16.575, 16.582, 16.738, 17.207, 17.258, 17.259, 17.268, 17.270, 17.277, 17.278, 17.801, 21.027, 66.605, 66.818, 93.069, 93.136, 93.243, 93.268, 93.317, 93.323, 93.354, 93.391, 93.421, 93.566, 93.914, 93.994) which elected to use a rate agreed on through the grant agreement or interagency agreement.
The City has certain revolving loan funds, which were originally financed with federal financial assistance through the programs listed below. However, these programs either are not part of a federal loan or loan guarantee program or have no continuing compliance requirements other than continued loan payments, therefore, the outstanding loan balances have not been included in the accompanying Schedule of Expenditures of Federal Awards and major program determination (see table).
Title: Revolving Loans- Subject to Further Compliance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the primary government of the City and County of Denver (the City). The City’s reporting entity is defined in Note 1 in the City’s basic financial statements for the year ended December 31, 2023.
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). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Schedule includes federally funded projects received directly from federal agencies and the federal amount of pass-through awards received by the City through the State of Colorado or other non-federal entities.
The City’s basic financial statements include the operations of the Denver Urban Renewal Authority (DURA), a discretely presented component unit, which expended less than $750,000 in federal awards, so is not included in the City’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
The City’s summary of significant accounting policies is presented in Note 1 in the City’s basic financial statements. Governmental funds and proprietary funds account for the City’s federal grant activity. Amounts reported in the Schedule for governmental funds are recognized on the modified accrual basis when they become a demand on current available federal resources and other program requirements are met. Available means collectible within the current period, or soon enough thereafter, to pay liabilities of the current period or when matured. The City considers all revenue as available, if collected within 60 days after year end. Amounts reported in the Schedule for proprietary funds are recognized on the accrual basis at the time liabilities are incurred and all other program requirements are met.
Certain federal award programs are administered through the Colorado Department of Human Services (CDHS); CDHS reports information for these programs on the cash basis. As a result, these programs, as listed below, are reported in the City's Schedule of Expenditures of Federal Awards on the cash basis (see table). Such expenditures are recognized following, as applicable, the cost principles in OMB A-87 or the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or reports to federal agencies.
De Minimis Rate Used: Both
Rate Explanation: The City has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, except for the following Assistance Listing Numbers (11.024, 16.575, 16.582, 16.738, 17.207, 17.258, 17.259, 17.268, 17.270, 17.277, 17.278, 17.801, 21.027, 66.605, 66.818, 93.069, 93.136, 93.243, 93.268, 93.317, 93.323, 93.354, 93.391, 93.421, 93.566, 93.914, 93.994) which elected to use a rate agreed on through the grant agreement or interagency agreement.
The City has certain revolving loan funds, which were originally financed with federal financial assistance through the Community Development Block Grant Section 108 Loan Guarantees program (Assistance Listing Number 14.248) which are subject to continuing compliance requirements until project completion and acceptance. There were no outstanding balances subject to continuing compliance as of December 31, 2023. There were no new loans during 2023; therefore nothing has been included in the accompanying Schedule of Expenditures of Federal Awards. The City also has certain revolving loan funds, which were originally financed from the Department of Commerce, under Assistance Listing Number 11.307, Economic Adjustment Assistance which are subject to continuing compliance requirements and included in the Schedule of Expenditures of Federal Awards. The outstanding loan balance as of December 31, 2023, was $226,860 and the cash and investment balance in the loan revolving fund was $345,794. There were no expenditures in 2023 for administrative costs. There were no loan write-offs in 2023. There are no City match requirements.
Title: Revolving Loan - Program Income
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the primary government of the City and County of Denver (the City). The City’s reporting entity is defined in Note 1 in the City’s basic financial statements for the year ended December 31, 2023.
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). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Schedule includes federally funded projects received directly from federal agencies and the federal amount of pass-through awards received by the City through the State of Colorado or other non-federal entities.
The City’s basic financial statements include the operations of the Denver Urban Renewal Authority (DURA), a discretely presented component unit, which expended less than $750,000 in federal awards, so is not included in the City’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
The City’s summary of significant accounting policies is presented in Note 1 in the City’s basic financial statements. Governmental funds and proprietary funds account for the City’s federal grant activity. Amounts reported in the Schedule for governmental funds are recognized on the modified accrual basis when they become a demand on current available federal resources and other program requirements are met. Available means collectible within the current period, or soon enough thereafter, to pay liabilities of the current period or when matured. The City considers all revenue as available, if collected within 60 days after year end. Amounts reported in the Schedule for proprietary funds are recognized on the accrual basis at the time liabilities are incurred and all other program requirements are met.
Certain federal award programs are administered through the Colorado Department of Human Services (CDHS); CDHS reports information for these programs on the cash basis. As a result, these programs, as listed below, are reported in the City's Schedule of Expenditures of Federal Awards on the cash basis (see table). Such expenditures are recognized following, as applicable, the cost principles in OMB A-87 or the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or reports to federal agencies.
De Minimis Rate Used: Both
Rate Explanation: The City has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, except for the following Assistance Listing Numbers (11.024, 16.575, 16.582, 16.738, 17.207, 17.258, 17.259, 17.268, 17.270, 17.277, 17.278, 17.801, 21.027, 66.605, 66.818, 93.069, 93.136, 93.243, 93.268, 93.317, 93.323, 93.354, 93.391, 93.421, 93.566, 93.914, 93.994) which elected to use a rate agreed on through the grant agreement or interagency agreement.
The City has a revolving loan program for low income housing development and renovation. Under this federal program, repayments to the City are considered program revenues (income) and loans of such funds to eligible recipients are considered expenditures. The amount of principal and interest received in loan repayments for the year was $1,577,645. The City also has a revolving loan program for small businesses and economic development. The amount of principal and interest received in loan repayments for the year was $1,090,743.
Title: Program Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the primary government of the City and County of Denver (the City). The City’s reporting entity is defined in Note 1 in the City’s basic financial statements for the year ended December 31, 2023.
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). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Schedule includes federally funded projects received directly from federal agencies and the federal amount of pass-through awards received by the City through the State of Colorado or other non-federal entities.
The City’s basic financial statements include the operations of the Denver Urban Renewal Authority (DURA), a discretely presented component unit, which expended less than $750,000 in federal awards, so is not included in the City’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
The City’s summary of significant accounting policies is presented in Note 1 in the City’s basic financial statements. Governmental funds and proprietary funds account for the City’s federal grant activity. Amounts reported in the Schedule for governmental funds are recognized on the modified accrual basis when they become a demand on current available federal resources and other program requirements are met. Available means collectible within the current period, or soon enough thereafter, to pay liabilities of the current period or when matured. The City considers all revenue as available, if collected within 60 days after year end. Amounts reported in the Schedule for proprietary funds are recognized on the accrual basis at the time liabilities are incurred and all other program requirements are met.
Certain federal award programs are administered through the Colorado Department of Human Services (CDHS); CDHS reports information for these programs on the cash basis. As a result, these programs, as listed below, are reported in the City's Schedule of Expenditures of Federal Awards on the cash basis (see table). Such expenditures are recognized following, as applicable, the cost principles in OMB A-87 or the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or reports to federal agencies.
De Minimis Rate Used: Both
Rate Explanation: The City has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, except for the following Assistance Listing Numbers (11.024, 16.575, 16.582, 16.738, 17.207, 17.258, 17.259, 17.268, 17.270, 17.277, 17.278, 17.801, 21.027, 66.605, 66.818, 93.069, 93.136, 93.243, 93.268, 93.317, 93.323, 93.354, 93.391, 93.421, 93.566, 93.914, 93.994) which elected to use a rate agreed on through the grant agreement or interagency agreement.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the City's portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Recognition of Prior Year Expenses
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the primary government of the City and County of Denver (the City). The City’s reporting entity is defined in Note 1 in the City’s basic financial statements for the year ended December 31, 2023.
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). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Schedule includes federally funded projects received directly from federal agencies and the federal amount of pass-through awards received by the City through the State of Colorado or other non-federal entities.
The City’s basic financial statements include the operations of the Denver Urban Renewal Authority (DURA), a discretely presented component unit, which expended less than $750,000 in federal awards, so is not included in the City’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
The City’s summary of significant accounting policies is presented in Note 1 in the City’s basic financial statements. Governmental funds and proprietary funds account for the City’s federal grant activity. Amounts reported in the Schedule for governmental funds are recognized on the modified accrual basis when they become a demand on current available federal resources and other program requirements are met. Available means collectible within the current period, or soon enough thereafter, to pay liabilities of the current period or when matured. The City considers all revenue as available, if collected within 60 days after year end. Amounts reported in the Schedule for proprietary funds are recognized on the accrual basis at the time liabilities are incurred and all other program requirements are met.
Certain federal award programs are administered through the Colorado Department of Human Services (CDHS); CDHS reports information for these programs on the cash basis. As a result, these programs, as listed below, are reported in the City's Schedule of Expenditures of Federal Awards on the cash basis (see table). Such expenditures are recognized following, as applicable, the cost principles in OMB A-87 or the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or reports to federal agencies.
De Minimis Rate Used: Both
Rate Explanation: The City has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, except for the following Assistance Listing Numbers (11.024, 16.575, 16.582, 16.738, 17.207, 17.258, 17.259, 17.268, 17.270, 17.277, 17.278, 17.801, 21.027, 66.605, 66.818, 93.069, 93.136, 93.243, 93.268, 93.317, 93.323, 93.354, 93.391, 93.421, 93.566, 93.914, 93.994) which elected to use a rate agreed on through the grant agreement or interagency agreement.
The City incurred eligible expenditures from 2020-2022 which were approved by the Federal Emergency Management Agency (FEMA). The City recorded the eligible expenditures of $3,430,067, in Assistance Listing Number 97.036 in the 2023 Schedule of Expenditures of Federal Awards.
Title: Contingent Liabilities
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the primary government of the City and County of Denver (the City). The City’s reporting entity is defined in Note 1 in the City’s basic financial statements for the year ended December 31, 2023.
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). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Schedule includes federally funded projects received directly from federal agencies and the federal amount of pass-through awards received by the City through the State of Colorado or other non-federal entities.
The City’s basic financial statements include the operations of the Denver Urban Renewal Authority (DURA), a discretely presented component unit, which expended less than $750,000 in federal awards, so is not included in the City’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
The City’s summary of significant accounting policies is presented in Note 1 in the City’s basic financial statements. Governmental funds and proprietary funds account for the City’s federal grant activity. Amounts reported in the Schedule for governmental funds are recognized on the modified accrual basis when they become a demand on current available federal resources and other program requirements are met. Available means collectible within the current period, or soon enough thereafter, to pay liabilities of the current period or when matured. The City considers all revenue as available, if collected within 60 days after year end. Amounts reported in the Schedule for proprietary funds are recognized on the accrual basis at the time liabilities are incurred and all other program requirements are met.
Certain federal award programs are administered through the Colorado Department of Human Services (CDHS); CDHS reports information for these programs on the cash basis. As a result, these programs, as listed below, are reported in the City's Schedule of Expenditures of Federal Awards on the cash basis (see table). Such expenditures are recognized following, as applicable, the cost principles in OMB A-87 or the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or reports to federal agencies.
De Minimis Rate Used: Both
Rate Explanation: The City has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, except for the following Assistance Listing Numbers (11.024, 16.575, 16.582, 16.738, 17.207, 17.258, 17.259, 17.268, 17.270, 17.277, 17.278, 17.801, 21.027, 66.605, 66.818, 93.069, 93.136, 93.243, 93.268, 93.317, 93.323, 93.354, 93.391, 93.421, 93.566, 93.914, 93.994) which elected to use a rate agreed on through the grant agreement or interagency agreement.
Although the Schedule of Expenditures of Federal Awards is prepared to the best of the City's knowledge and belief, amounts received or receivable from grantor agencies are subject to audit and adjustment by the grantor agencies, principally the federal government. Any disallowed claims, including the amount already collected, may constitute a liability of the applicable funds. The amount of expenditures which may be disallowed by the grantor, if any, cannot be determined at this time.
Title: Non-Cash Assistance - Equipment
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the primary government of the City and County of Denver (the City). The City’s reporting entity is defined in Note 1 in the City’s basic financial statements for the year ended December 31, 2023.
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). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Schedule includes federally funded projects received directly from federal agencies and the federal amount of pass-through awards received by the City through the State of Colorado or other non-federal entities.
The City’s basic financial statements include the operations of the Denver Urban Renewal Authority (DURA), a discretely presented component unit, which expended less than $750,000 in federal awards, so is not included in the City’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
The City’s summary of significant accounting policies is presented in Note 1 in the City’s basic financial statements. Governmental funds and proprietary funds account for the City’s federal grant activity. Amounts reported in the Schedule for governmental funds are recognized on the modified accrual basis when they become a demand on current available federal resources and other program requirements are met. Available means collectible within the current period, or soon enough thereafter, to pay liabilities of the current period or when matured. The City considers all revenue as available, if collected within 60 days after year end. Amounts reported in the Schedule for proprietary funds are recognized on the accrual basis at the time liabilities are incurred and all other program requirements are met.
Certain federal award programs are administered through the Colorado Department of Human Services (CDHS); CDHS reports information for these programs on the cash basis. As a result, these programs, as listed below, are reported in the City's Schedule of Expenditures of Federal Awards on the cash basis (see table). Such expenditures are recognized following, as applicable, the cost principles in OMB A-87 or the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements or reports to federal agencies.
De Minimis Rate Used: Both
Rate Explanation: The City has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, except for the following Assistance Listing Numbers (11.024, 16.575, 16.582, 16.738, 17.207, 17.258, 17.259, 17.268, 17.270, 17.277, 17.278, 17.801, 21.027, 66.605, 66.818, 93.069, 93.136, 93.243, 93.268, 93.317, 93.323, 93.354, 93.391, 93.421, 93.566, 93.914, 93.994) which elected to use a rate agreed on through the grant agreement or interagency agreement.
The City received equipment that was purchased with federal Homeland Security funds by Arapahoe County. The amount reported on the Schedule is the value of the property on the date it was received by the City.