Audit 353543

Title: Basis of Presentation Accounting Policies: Expenses reported in the Schedule are reported on the modified accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenses are not allowable or are limited as a reimbursement. Pass-=through entity names are presented where available. De Minimis Rate Used: Both Rate Explanation: The City has elected not to use the 10-percent de minimis inderect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the City of Parkland, Florida, (the City) for the fiscal 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 (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 financial position, or cashflows of the City.