Audit 338877

Title: Purpose of the Schedule Accounting Policies: Basis of Accounting The information in the Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200. The Schedule is prepared using the same accounting policies and basis of accounting as the basic financial statements. Assistance Listing Numbers Title 2 U.S. Code of Federal Regulations Part 200 requires the Schedule to show the total expenditures for each of the City’s federal financial assistance programs as identified by Assistance Listing number. Assistance Listing is a government-wide compendium of individual federal programs which assigns a five-digit program identification Assistance Listing number to each federal program. Major Programs Title 2 U.S. Code of Federal Regulations Part 200 establishes the levels of expenditures or expenses and other criteria to be used in defining major programs. Major programs have been noted in the Schedule of Findings and Questioned Costs in accordance with those definitions. Indirect Costs The City has not elected to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The City has not elected to use the de minimis cost rate The Schedule of Expenditures of Federal Awards (the Schedule) is a supplementary schedule to the basic financial statements. The Schedule is provided in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).

Title: Basis of Accounting Accounting Policies: Basis of Accounting The information in the Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200. The Schedule is prepared using the same accounting policies and basis of accounting as the basic financial statements. Assistance Listing Numbers Title 2 U.S. Code of Federal Regulations Part 200 requires the Schedule to show the total expenditures for each of the City’s federal financial assistance programs as identified by Assistance Listing number. Assistance Listing is a government-wide compendium of individual federal programs which assigns a five-digit program identification Assistance Listing number to each federal program. Major Programs Title 2 U.S. Code of Federal Regulations Part 200 establishes the levels of expenditures or expenses and other criteria to be used in defining major programs. Major programs have been noted in the Schedule of Findings and Questioned Costs in accordance with those definitions. Indirect Costs The City has not elected to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The City has not elected to use the de minimis cost rate The information in the Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200. The Schedule is prepared using the same accounting policies and basis of accounting as the basic financial statements.

Title: Assistance Listing Numbers Accounting Policies: Basis of Accounting The information in the Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200. The Schedule is prepared using the same accounting policies and basis of accounting as the basic financial statements. Assistance Listing Numbers Title 2 U.S. Code of Federal Regulations Part 200 requires the Schedule to show the total expenditures for each of the City’s federal financial assistance programs as identified by Assistance Listing number. Assistance Listing is a government-wide compendium of individual federal programs which assigns a five-digit program identification Assistance Listing number to each federal program. Major Programs Title 2 U.S. Code of Federal Regulations Part 200 establishes the levels of expenditures or expenses and other criteria to be used in defining major programs. Major programs have been noted in the Schedule of Findings and Questioned Costs in accordance with those definitions. Indirect Costs The City has not elected to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The City has not elected to use the de minimis cost rate Title 2 U.S. Code of Federal Regulations Part 200 requires the Schedule to show the total expenditures for each of the City’s federal financial assistance programs as identified by Assistance Listing number. Assistance Listing is a government-wide compendium of individual federal programs which assigns a five-digit program identification Assistance Listing number to each federal program.

Title: Major Programs Accounting Policies: Basis of Accounting The information in the Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200. The Schedule is prepared using the same accounting policies and basis of accounting as the basic financial statements. Assistance Listing Numbers Title 2 U.S. Code of Federal Regulations Part 200 requires the Schedule to show the total expenditures for each of the City’s federal financial assistance programs as identified by Assistance Listing number. Assistance Listing is a government-wide compendium of individual federal programs which assigns a five-digit program identification Assistance Listing number to each federal program. Major Programs Title 2 U.S. Code of Federal Regulations Part 200 establishes the levels of expenditures or expenses and other criteria to be used in defining major programs. Major programs have been noted in the Schedule of Findings and Questioned Costs in accordance with those definitions. Indirect Costs The City has not elected to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The City has not elected to use the de minimis cost rate Title 2 U.S. Code of Federal Regulations Part 200 establishes the levels of expenditures or expenses and other criteria to be used in defining major programs. Major programs have been noted in the Schedule of Findings and Questioned Costs in accordance with those definitions.

Title: Indirect Costs Accounting Policies: Basis of Accounting The information in the Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200. The Schedule is prepared using the same accounting policies and basis of accounting as the basic financial statements. Assistance Listing Numbers Title 2 U.S. Code of Federal Regulations Part 200 requires the Schedule to show the total expenditures for each of the City’s federal financial assistance programs as identified by Assistance Listing number. Assistance Listing is a government-wide compendium of individual federal programs which assigns a five-digit program identification Assistance Listing number to each federal program. Major Programs Title 2 U.S. Code of Federal Regulations Part 200 establishes the levels of expenditures or expenses and other criteria to be used in defining major programs. Major programs have been noted in the Schedule of Findings and Questioned Costs in accordance with those definitions. Indirect Costs The City has not elected to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The City has not elected to use the de minimis cost rate The City has not elected to use the 10% de minimis indirect cost rate.

Title: Loan and Loan Guarantee Program Accounting Policies: Basis of Accounting The information in the Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200. The Schedule is prepared using the same accounting policies and basis of accounting as the basic financial statements. Assistance Listing Numbers Title 2 U.S. Code of Federal Regulations Part 200 requires the Schedule to show the total expenditures for each of the City’s federal financial assistance programs as identified by Assistance Listing number. Assistance Listing is a government-wide compendium of individual federal programs which assigns a five-digit program identification Assistance Listing number to each federal program. Major Programs Title 2 U.S. Code of Federal Regulations Part 200 establishes the levels of expenditures or expenses and other criteria to be used in defining major programs. Major programs have been noted in the Schedule of Findings and Questioned Costs in accordance with those definitions. Indirect Costs The City has not elected to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The City has not elected to use the de minimis cost rate The value of new loans and loan guarantees made during the year plus, as applicable, the beginning of the year loan balances and loan guarantees are included in the SEFA. The outstanding federal loan balances and loan guarantees at the end of the year are included in the Notes to Financial Statements (see Note 8). The outstanding federal loan balances and loan guarantees as of June 30, 2024 are as follows: Water and Waste Disposal for Rural Communities (ALN #10.760) - $9,578,947 Included in the Schedule as required by Uniform Guidance is the value of new loans and loan guarantees made during the year plus, as applicable, the beginning of the year loan balances and loan guarantees.