Audit 34556

Title: Note 3 Subrecipients Accounting Policies: Note 1 Basis of Presentation and Summary of Significant Accounting PoliciesThe Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of federal award programs expended by theCity of Lino Lakes, Minnesota under programs of the federal government for the year ended December 31, 2022. The Schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Part 200, Uniform AdministrativeRequirements Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presentsonly a selected portion of the operations of the City of Lino Lakes, Minnesota, it is not intended to and does not present thefinancial positions, or change in financial position of the City of Lino Lakes, Minnesota. The expenditures on this Schedule are onthe modified accrual basis of accounting. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The City of Lino Lakes, Minnesota has not charged any indirect costs to any of the federal programs. Therefore, the election of the de minimus cost rate is not applicable. The City of Lino Lakes, Minnesota did not pass any federal funds to subrecipients during 2022.