Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the grant activity of Heber City under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The reporting entity is defined in Note 1 to the basic financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule of expenditures of federal awards.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% de minimus cost rate
The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting for expenditures in governmental fund types and on the accrual basis for expenses in proprietary fund types, which is described in note 1 to the basic financial statements.
Title: Purpose of the schedule
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the grant activity of Heber City under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The reporting entity is defined in Note 1 to the basic financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule of expenditures of federal awards.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% de minimus cost rate
The accompanying schedule of expenditures of federal awards is a supplementary schedule to Heber City's basic financial statements and is presented for the purpose of additional analysis. Because the schedule is presents only a selected portion of the activities of heber city , it is not intended to, and does not present the finanical position, changes in net position , or cash flows of heber city.
Title: Non cash assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the grant activity of Heber City under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The reporting entity is defined in Note 1 to the basic financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule of expenditures of federal awards.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% de minimus cost rate
The City did not receive any non cash assistance through federal awards programs for the year ended June 30, 2024
Title: Sub recipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the grant activity of Heber City under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The reporting entity is defined in Note 1 to the basic financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule of expenditures of federal awards.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% de minimus cost rate
The city did not pass through federal awards to subrecipients.
Title: Loans outstanding
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the grant activity of Heber City under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The reporting entity is defined in Note 1 to the basic financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule of expenditures of federal awards.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% de minimus cost rate
The city does not have federal loans or loan programs outstanding at year end.