Audit 318384

Title: Summary of Significant Accounting Policies Accounting Policies: Note 1 – Summary of Significant Accounting Policies General The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of City of Jacksonville, Illinois. The City’s reporting entity is defined in Note 1 to the City’s financial statements. Federal awards passed through other government agencies are included on the schedule. Basis of Accounting The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Relationship to Basic Financial Statements Federal awards received are reflected in the City’s financial statements as revenue from federal sources. De Minimis Rate Used: N Rate Explanation: The City of Jacksonville did not elect to use the 10% de minimis cost rate for Federal programs. General: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of City of Jacksonville, Illinois. The City's reporting entity is defined in Note 1 to the City's financial statements. Federal awards passed through other government agencies are included on the schedule. Basis of Accounting: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Relationship to Basic Financial Statements: Federal awards received are reflected in the City's financial statements as revenue from federal sources.

Title: Reconciliation of Financial Statement Federal Revenues to Schedule of Expenditures of Federal Awards Accounting Policies: Note 1 – Summary of Significant Accounting Policies General The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of City of Jacksonville, Illinois. The City’s reporting entity is defined in Note 1 to the City’s financial statements. Federal awards passed through other government agencies are included on the schedule. Basis of Accounting The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Relationship to Basic Financial Statements Federal awards received are reflected in the City’s financial statements as revenue from federal sources. De Minimis Rate Used: N Rate Explanation: The City of Jacksonville did not elect to use the 10% de minimis cost rate for Federal programs. Federal Revenues Per Financial Statements $3,453,180; Non-Cash Assistance Not Included in Financial Statements $0; Federal Revenues Per Schedule of Expenditures of Federal Awards $3,453,180

Title: Federal Insurance Accounting Policies: Note 1 – Summary of Significant Accounting Policies General The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of City of Jacksonville, Illinois. The City’s reporting entity is defined in Note 1 to the City’s financial statements. Federal awards passed through other government agencies are included on the schedule. Basis of Accounting The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Relationship to Basic Financial Statements Federal awards received are reflected in the City’s financial statements as revenue from federal sources. De Minimis Rate Used: N Rate Explanation: The City of Jacksonville did not elect to use the 10% de minimis cost rate for Federal programs. City of Jacksonville, Illinois had no federal insurance in effect during the year ended December 31, 2023

Title: Federal Loans/Loan Guarantees Accounting Policies: Note 1 – Summary of Significant Accounting Policies General The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of City of Jacksonville, Illinois. The City’s reporting entity is defined in Note 1 to the City’s financial statements. Federal awards passed through other government agencies are included on the schedule. Basis of Accounting The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Relationship to Basic Financial Statements Federal awards received are reflected in the City’s financial statements as revenue from federal sources. De Minimis Rate Used: N Rate Explanation: The City of Jacksonville did not elect to use the 10% de minimis cost rate for Federal programs. City of Jacksonville, Illinois had no federal loans or federal loan guarantees outstanding as of December 31, 2023

Title: Indirect Cost Rate Accounting Policies: Note 1 – Summary of Significant Accounting Policies General The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of City of Jacksonville, Illinois. The City’s reporting entity is defined in Note 1 to the City’s financial statements. Federal awards passed through other government agencies are included on the schedule. Basis of Accounting The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Relationship to Basic Financial Statements Federal awards received are reflected in the City’s financial statements as revenue from federal sources. De Minimis Rate Used: N Rate Explanation: The City of Jacksonville did not elect to use the 10% de minimis cost rate for Federal programs. City of Jacksonville, Illinois did not elect to use the 10% de minimis cost rate for federal programs