Audit 342541

Title: Basis of Presentation Accounting Policies: Reported on cash basis De Minimis Rate Used: N Rate Explanation: The City of West Memphis, Arkansas has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance Basis of Presentation: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the City of West memphis, Arkansas, under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City of West Memphis, Arkansas, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City of West Memphis, Arkansas.

Title: Basis of Accounting Accounting Policies: Reported on cash basis De Minimis Rate Used: N Rate Explanation: The City of West Memphis, Arkansas has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance Basis of Accounting: Expenditures reported on the Schedle are reported on the cash basis of accounting. Such expenditures are recognized followng the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.

Title: Indirect Cost Rate Accounting Policies: Reported on cash basis De Minimis Rate Used: N Rate Explanation: The City of West Memphis, Arkansas has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance The City of West Memphis, Arkansas has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.

Title: Evaluation of Subsequent Events Accounting Policies: Reported on cash basis De Minimis Rate Used: N Rate Explanation: The City of West Memphis, Arkansas has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance The City has evaluated events and transactions that occurred between December 31, 2022 and February 11, 2025, which is the date that the financial statement was available to be issued, for possible recognition or disclosure in the financial statement.