Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
activity of City of Sandy, Oregon (the City) under programs of the federal government for the year ended June
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S.
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
of the operations of the City, it is not intended to and does not present the financial position, changes in net
Title: Note 1. Basis of Presentation
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
assets, or cash flows of the City.
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
on the Schedule represent adjustments or credits made in the normal course of business to amounts reported
Title: Note 2. Significant Accounting Policies
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
as expenditures in prior years.
Title: Note 3. Indirect Cost Rate
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 4. Subrecipients
Accounting Policies: Modified accrual basis
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
There were no amounts paid to subrecipients by the City from federal funds for the year ended June 30, 2024.