FAC Explorer

Audit 343493

FY End
2023-09-30
Total Expended
$1.25M
Findings
0
Programs
2
Organization: City of Panorama Village (TX)
Year: 2023 Accepted: 2025-02-24
Auditor: Brookswatson & CO PLLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $922,860 Yes 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $331,705 - 0

Contacts

Name Title Type
GLZ9VWK62FZ2 Angela Wallace Auditee
9368562821 Michael Brooks Auditor
No contacts on file

Notes to SEFA

Title: Basis of Accounting Accounting Policies: The accompanying schedule of expenditures of federal awards includes the grant activity of Panorama Village, Texas and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Cost Principles for Federal Awards (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: The City has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the grant activity of Panorama Village, Texas and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Cost Principles for Federal Awards (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Title: Indirect Cost Rate Accounting Policies: The accompanying schedule of expenditures of federal awards includes the grant activity of Panorama Village, Texas and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Cost Principles for Federal Awards (the Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: The City has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The City has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.