Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual
basis of accounting. Expenditures are recognized following, as applicable, either the cost
principles in OMB Circular A-87, or the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the ten percent de minimis indirect cost rate. Indirect costs are allocated to programs based on applicable criteria relative to the federal program.
The accompanying schedule of expenditures of federal awards is presented on the accrual
basis of accounting. Expenditures are recognized following, as applicable, either the cost
principles in OMB Circular A-87, or the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Reporting Entity
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual
basis of accounting. Expenditures are recognized following, as applicable, either the cost
principles in OMB Circular A-87, or the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the ten percent de minimis indirect cost rate. Indirect costs are allocated to programs based on applicable criteria relative to the federal program.
The accompanying Schedule presents the expenditures of all the federal award programs of the City.
The City's reporting entity is defined in Note 1 to the City's basic financial statements. All
federal awards received directly from federal agencies as well as federal awards passed through
other government agencies are included in the schedule.
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual
basis of accounting. Expenditures are recognized following, as applicable, either the cost
principles in OMB Circular A-87, or the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the ten percent de minimis indirect cost rate. Indirect costs are allocated to programs based on applicable criteria relative to the federal program.
The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. Expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Costs
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual
basis of accounting. Expenditures are recognized following, as applicable, either the cost
principles in OMB Circular A-87, or the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the ten percent de minimis indirect cost rate. Indirect costs are allocated to programs based on applicable criteria relative to the federal program.
The City has elected not to use the ten percent de minimis indirect cost rate. Indirect costs are
allocated to programs based on applicable criteria relative to the federal program.
Title: Economic Adustment Assistance (ALN 11.307)
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual
basis of accounting. Expenditures are recognized following, as applicable, either the cost
principles in OMB Circular A-87, or the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the ten percent de minimis indirect cost rate. Indirect costs are allocated to programs based on applicable criteria relative to the federal program.
During the year ended December 31, 1991, the City was awarded a $600,000 Economic Adjustment Assistance grant from the U.S. Department of Commerce for the purpose of assisting businesses with economic development. EDA revolving loan fund (RLF) Grant 1 was matched $200,000 at the City level.