Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain expenditures are not allowable or are limited as reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City of Wheeling, West Virginia, has not elected to use the 10 percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain expenditures are not allowable or are limited as reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain expenditures are not allowable or are limited as reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City of Wheeling, West Virginia, has not elected to use the 10 percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
The City of Wheeling, West Virginia, has not elected to use the 10 percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
Title: Loans Outstanding
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain expenditures are not allowable or are limited as reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City of Wheeling, West Virginia, has not elected to use the 10 percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
The City of Wheeling, West Virginia, had the following loan balance outstanding at June 30, 2023:
4. Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
grant activity of the City of Wheeling, West Virginia, under programs of the federal government for
the year ending June 30, 2023. 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 operation of the City of Wheeling, West
Virginia, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of the City of Wheeling, West Virginia.
(95)
Program Title
Federal
Assistance
Listing
Number
Amount
Outstanding
Brownfield Multipurpose, Assessment, Loan Fund, and Cleanup
Cooperative Agreements 66.818 $144,822
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain expenditures are not allowable or are limited as reimbursement.
De Minimis Rate Used: N
Rate Explanation: The City of Wheeling, West Virginia, has not elected to use the 10 percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
grant activity of the City of Wheeling, West Virginia, under programs of the federal government for
the year ending June 30, 2023. 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 operation of the City of Wheeling, West
Virginia, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of the City of Wheeling, West Virginia.