Title: Basis for Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Thornton Township,
Illinois and is presented on the modified accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements. Expenditures reported on the schedule are reported on the modified accrual basis of accounting, which is described in Note 1
to the Township's Financial Statements. Such expenditures are recognized following 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: N
The accompanying schedule of expenditures of federal awards includes the federal award activity of Thornton Township,
Illinois and is presented on the modified accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Thornton Township,
Illinois and is presented on the modified accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements. Expenditures reported on the schedule are reported on the modified accrual basis of accounting, which is described in Note 1
to the Township's Financial Statements. Such expenditures are recognized following 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: N
Expenditures reported on the schedule are reported on the modified accrual basis of accounting, which is described in Note 1
to the Township's Financial Statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Subrecipients, Loan Guarantees, Federal Insurance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Thornton Township,
Illinois and is presented on the modified accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements. Expenditures reported on the schedule are reported on the modified accrual basis of accounting, which is described in Note 1
to the Township's Financial Statements. Such expenditures are recognized following 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: N
Of the federal expenditures presented in the schedules, the Thornton Township Foundation, Inc. provided federal awards in
the amount of $776,517 to Thornton Township, Illinois in relation to the commodities based on the Foundation audit at
6/30/22. The Township did not have any federal loan guarantees, and/or federal insurance in place.
Title: Non-Cash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Thornton Township,
Illinois and is presented on the modified accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements. Expenditures reported on the schedule are reported on the modified accrual basis of accounting, which is described in Note 1
to the Township's Financial Statements. Such expenditures are recognized following 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: N
The following amounts were expended in the form of non-cash assistance by Thornton Township, Illinois and are included in
the Schedule of Expenditures of Federal Awards: Non-cash commodities $776,517.
Title: Major Program
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Thornton Township,
Illinois and is presented on the modified accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements. Expenditures reported on the schedule are reported on the modified accrual basis of accounting, which is described in Note 1
to the Township's Financial Statements. Such expenditures are recognized following 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: N
In accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards, major programs for the Township are individual programs or a
cluster of programs determined by using a risk-based analysis. The threshold for distinguishing Type A and Type B programs
was $750,000
Title: Indirect Facilities and Admin Costs
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Thornton Township,
Illinois and is presented on the modified accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements. Expenditures reported on the schedule are reported on the modified accrual basis of accounting, which is described in Note 1
to the Township's Financial Statements. Such expenditures are recognized following 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: N
The Township has elected not to use the 10% de minimis cost rate.