Title: BASIS OF PRESENTATION
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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.
The Assistance Listing Number is a program identification number. The first two digits identify the
federal department or agency that administers the program, and the last three numbers are assigned
by numerical sequence.
State or local government redistributions of federal awards to the Municipality, known as “pass–
through awards”, should be treated by the Municipality as though they were received directly from
the federal government. The Uniform Guidance requires the schedule to include the name of the
pass–through entity and the identifying number assigned by the pass-through entity for the federal
awards received as a sub recipient. Numbers identified as N/A are not applicable and numbers
identified as N/AV are not available.
De Minimis Rate Used: N
Rate Explanation: The Municipality has elected not to use the ten percent the minimus indirect cost rate allowed under
the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal
award activity of the Municipality under programs of the federal government for the year ended
June 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 (Uniform Guidance). Therefore, some amounts
presented in this Schedule may differ from the amounts presented in, or used in the preparation of,
the basic financial statements. Because the Schedule presents only a selected portion of the
operations of the Municipality, it is not intended to and does not present the financial position and
changes in net position of the Municipality.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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.
The Assistance Listing Number is a program identification number. The first two digits identify the
federal department or agency that administers the program, and the last three numbers are assigned
by numerical sequence.
State or local government redistributions of federal awards to the Municipality, known as “pass–
through awards”, should be treated by the Municipality as though they were received directly from
the federal government. The Uniform Guidance requires the schedule to include the name of the
pass–through entity and the identifying number assigned by the pass-through entity for the federal
awards received as a sub recipient. Numbers identified as N/A are not applicable and numbers
identified as N/AV are not available.
De Minimis Rate Used: N
Rate Explanation: The Municipality has elected not to use the ten percent the minimus indirect cost rate allowed under
the Uniform Guidance.
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.
The Assistance Listing Number is a program identification number. The first two digits identify the
federal department or agency that administers the program, and the last three numbers are assigned
by numerical sequence.
State or local government redistributions of federal awards to the Municipality, known as “pass–
through awards”, should be treated by the Municipality as though they were received directly from
the federal government. The Uniform Guidance requires the schedule to include the name of the
pass–through entity and the identifying number assigned by the pass-through entity for the federal
awards received as a sub recipient. Numbers identified as N/A are not applicable and numbers
identified as N/AV are not available.
Title: INDIRECT COST RATE
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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.
The Assistance Listing Number is a program identification number. The first two digits identify the
federal department or agency that administers the program, and the last three numbers are assigned
by numerical sequence.
State or local government redistributions of federal awards to the Municipality, known as “pass–
through awards”, should be treated by the Municipality as though they were received directly from
the federal government. The Uniform Guidance requires the schedule to include the name of the
pass–through entity and the identifying number assigned by the pass-through entity for the federal
awards received as a sub recipient. Numbers identified as N/A are not applicable and numbers
identified as N/AV are not available.
De Minimis Rate Used: N
Rate Explanation: The Municipality has elected not to use the ten percent the minimus indirect cost rate allowed under
the Uniform Guidance.
The Municipality has elected not to use the ten percent the minimus indirect cost rate allowed under
the Uniform Guidance.
Title: RECONCILIATION OF EXPENDITURES PRESENTED IN THE SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS TO THE EXPENDITURES PRESENTED IN THE BASIC FINANCIAL STATEMENT
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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.
The Assistance Listing Number is a program identification number. The first two digits identify the
federal department or agency that administers the program, and the last three numbers are assigned
by numerical sequence.
State or local government redistributions of federal awards to the Municipality, known as “pass–
through awards”, should be treated by the Municipality as though they were received directly from
the federal government. The Uniform Guidance requires the schedule to include the name of the
pass–through entity and the identifying number assigned by the pass-through entity for the federal
awards received as a sub recipient. Numbers identified as N/A are not applicable and numbers
identified as N/AV are not available.
De Minimis Rate Used: N
Rate Explanation: The Municipality has elected not to use the ten percent the minimus indirect cost rate allowed under
the Uniform Guidance.
The expenditures of the schedule are included in the Municipality’s basic financial statements.
The reconciliation of expenditures in the basic financial statements to the Schedule of
Expenditures of Federal Awards is as follows:
Total federal expenditures per schedule $13,688,488
Federal expenditures per basic financial statement includes within:
Federal expenditures included in other governmental funds $2,473,450
Federal expenditures included in Head Stard Fund $4,518,287
Federal expenditures included in ARPA Fund $4,953,085
Federal expenditures included in FEMA Fund $1,743,666
Total expenditures per schedule of expenditures of federal awards $13,688,488