Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
The accompanying schedule of expeditures of federal awards
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
(the "Schedule") includes the federal award activity of the
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
City of Johnston City under prgrams of the federal government
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
for the year ended April 30, 2024. The information in this
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
Schedule is presented in accordance with the requirments,
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
of Title w2 U.S. Code of Federal Regulations Part 200, Uniform
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
Administrative Requirements, Cost Principles, and Audit
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
/reqyurenebts fir /federak /awards (Uniform Guidance).
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
Because the Schedule presents only a selected portion of the
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
operation of the City of Johnston City, it is not inted to and
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
does not present the financial postion or changes in net
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
assets of the City of Johnston City.
Title: Related Party Transaction
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
City of Johston City has not entered into a related party
Title: Related Party Transaction
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
transaction during the fiscal year.
Title: Balance of Loan
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
The City of Johston City, Illinois received a loan from the
Title: Balance of Loan
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
Unted States Department of Agriculture during the current fiscal
Title: Balance of Loan
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimburesement.
De Minimis Rate Used: Y
Rate Explanation: City of Johnston City has elected to use the 10 percent de minimis indirect cost rate allowed under the Unform Guidance.
year. The balance as of April 30, 2024 was $3,044,000.