Audit 318403

Title: General Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the Town’s financial statements. The information in this schedule is presented in accordance with the requirements of the 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 Town of Marion, Louisiana did not elect to use the 10% de minimis federal indirect cost rate for the year ended December 31, 2023. The Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of the Town of Marion, Louisiana. The Town of Marion, Louisiana reporting entity is defined in Note 1 to the Town’s financial statements. All federal award programs received directly from federal agencies, as well as federal awards passed through other government agencies, are included on the schedule.

Title: Bais of Accounting Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the Town’s financial statements. The information in this schedule is presented in accordance with the requirements of the 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 Town of Marion, Louisiana did not elect to use the 10% de minimis federal indirect cost rate for the year ended December 31, 2023. The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the Town’s financial statements. The information in this schedule is presented in accordance with the requirements of the 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.

Title: Federal Indirect Cost Rate Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the Town’s financial statements. The information in this schedule is presented in accordance with the requirements of the 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 Town of Marion, Louisiana did not elect to use the 10% de minimis federal indirect cost rate for the year ended December 31, 2023. The Town of Marion, Louisiana did not elect to use the 10% de minimis federal indirect cost rate for the year ended December 31, 2023.