Title: Organization
Accounting Policies: The Schedule includes the federal grant activity of the City and is presented on the modified accrual basis of accounting. The information presented in the Schedule is in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The City of Grandview, Missouri (the City) under programs of the federal government for the year ended September 30, 2024. 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City.
Title: Basis of Presentation
Accounting Policies: The Schedule includes the federal grant activity of the City and is presented on the modified accrual basis of accounting. The information presented in the Schedule is in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The Schedule includes the federal grant activity of the City and is presented on the modified accrual basis of accounting. The information presented in the Schedule is in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
Title: Local Government Contributions
Accounting Policies: The Schedule includes the federal grant activity of the City and is presented on the modified accrual basis of accounting. The information presented in the Schedule is in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
Local cost sharing is required by certain federal grants. The amount of cost sharing varies with each program. Only the federal share of expenditures is presented in the Schedule.
Title: Additional Audits
Accounting Policies: The Schedule includes the federal grant activity of the City and is presented on the modified accrual basis of accounting. The information presented in the Schedule is in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
Grantor agencies reserve the right to conduct additional audits of the City’s grant programs for economy and efficiency and program results that may result in disallowed costs to the City. However, management does not believe such audits would result in any disallowed costs that would be material to the City’s financial position at September 30, 2024.
Title: Indirect Cost Rate
Accounting Policies: The Schedule includes the federal grant activity of the City and is presented on the modified accrual basis of accounting. The information presented in the Schedule is in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The City has elected not to use the ten-percent de minimis cost rate allowed under Section 200.414(f) of the Uniform Guidance.