Audit 345675

Title: Assistance Listing Numbers Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of Town of Gilbert, Arizona under programs of the federal government for the year ended June 30, 2024. The information in the 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 Town, it is not intended to and does not present  the  financial  position,  changes  in  net  position  or  cash  flows  of  the  Town.  Expenditures  reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures  are  recognized  following  the  cost  principles  contained  in  the  Uniform  Guidance,  wherein certain types of expenditures are not allowable or are limited as to reimbursement. Any negative  amounts  shown  on  the  Schedule  represent  adjustments  or  credits  made  in  the  normal  course of business to amounts reported as expenditures in prior years. Pass‐through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis indirect cost rate. The program titles and Assistance Listing numbers were obtained from the federal or pass‐through grantor or through sam.gov. If the three‐digit Assistance Listing extension is unknown, there is a U followed by a two‐digit number in the Assistance Listing extension to identify one or more Federal award lines from that program. The first Federal program with an unknown three‐digit extension is indicated with U01 for all award lines associated with that program, the second is U02, etc.