Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: Y
Rate Explanation: The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of the City under programs of the federal government for the year ended February 29, 2024. The
information in this Schedule is presented in accordance with the requirements of Uniform Guidance,
Audits of States, Local Governments, and Non-Profit Organizations. 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 position, or cash flows of the City.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: Y
Rate Explanation: The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
Title: NOTE 3 – 10% DE MINIMIS INDIRECT COST RATE
Accounting Policies: Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: Y
Rate Explanation: The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
Title: NOTE 4 – SUBRECIPIENT RELATIONSHIPS
Accounting Policies: Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: Y
Rate Explanation: The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
The City of Springfield provided ALN #14.218 – Community Development Block Grants/Entitlement
Grants to the following subrecipients:
Assistance
Listing Number Additional Award Number Subrecipient Name
Amount Passed
Through to
Subrecipient
14.218 B-19-MC17-0023-CDBG The Phoenix Center $ 5,810
14.218 B-20-MC-17-0023-CDBG Garvey Tubman Cultural
Arts & Research Center
8,804
14.218 B-20-MC-17-0023-CDBG Children’s Museum
Foundation Corporation
76,469
14.218 B-20-MC-17-0023-CDBG M.E.R.C.Y Communities,
Inc.
10,000
14.218 B-21-MC-17-0023-CDBG Springfield Center for
Independent Living
17,889
14.218 B-21-MC-17-0023-CDBG The Outlet 25,934
14.218 B-21-MC-17-0023-CDBG Fifth Street Renaissance 3,284
14.218 B-22-MC-17-0023-CDBG Land of Lincoln Goodwill 45,000
14.218 B-23-MC-17-0023-CDBG Springfield Center for
Independent Living
7,700
14.218 B-23-MC-17-0023-CDBG Fifth Street Renaissance 20,339
14.218 B-20-MW-17-0023-CDBGCV The Salvation Army 154,909
14.218 B-20-MW-17-0023-CDBGCV Springfield Park District 49,000
14.218 B-20-MW-17-0023-CDBGCV Helping Hands of Springfield 90,000
515,138
The City of Springfield provided ALN #14.239 – HOME Investment Partnerships Program to the
following subrecipients:
Assistance
Listing Number Additional Award Number Subrecipient Name
Amount Passed
Through to
Subrecipient
14.239 M-20-MC-17-0209-HOME Helping Hands of Springfield $ 273,686
14.239 M-21-MC-17-0209-HOME Nehemiah Expansion 316,424
14.239 M-21-MC-17-0209-HOME Helping Hands of Springfield 126,314
14.239 M-22-MC-17-0209-HOME Nehemiah Expansion 489,681
14.239 M-23-MC-17-0209-HOME Nehemiah Expansion 296,400
14.239 M-23-MC-17-0209-HOME Growth International, Inc. 7,130
1,509,635
Title: NOTE 5 – LOAN AND LOAN GUARANTEE PROGRAMS
Accounting Policies: Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: Y
Rate Explanation: The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
Under the Community Development Block Program (ALN 14.218), the City of Springfield administers
loan programs which are accounted for in the Community Development Fund, a special revenue fund. As
of February 29, 2024, the loans outstanding under these programs total $84,070.