Title: Note A - Basis of Presentation
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Additional funds for expenditures incurred in 2022 may be received in future years, but the amount of reimbursement is not determinable at this time and has not been accrued.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs for the grant
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the North Metro Fire Rescue District under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of 2 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 North Metro Fire Rescue District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the North Metro Fire Rescue District.
Title: Note B - Summary of Significant accounting Policies
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Additional funds for expenditures incurred in 2022 may be received in future years, but the amount of reimbursement is not determinable at this time and has not been accrued.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs for the grant
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Additional funds for expenditures incurred in 2022 may be received in future years, but the amount of reimbursement is not determinable at this time and has not been accrued. (2) Pass-through entity identifying numbers are presented where available.
Title: Note C - Subrecipients
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Additional funds for expenditures incurred in 2022 may be received in future years, but the amount of reimbursement is not determinable at this time and has not been accrued.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs for the grant
Of the federal expenditures presented in the schedule, North Metro Fire Rescue District has not provided federal awards to subrecipients.
Title: Note D - Indirect Cost Rate
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Additional funds for expenditures incurred in 2022 may be received in future years, but the amount of reimbursement is not determinable at this time and has not been accrued.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs for the grant
The North Metro Fire Rescue District did not elect to use the 10% de minimis cost rate allowed under the Uniform Guidance.