Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Town of Chatham, Louisiana, (the Town) 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). 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 or change in net position of the Town.
Expenditures reported on the SEFA 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 Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Town did not have any loan or loan guarantee programs outstanding as of June 30, 2024.
The Town did not receive any noncash assistance.
Federal awards received as a subrecipient are identified in the SEFA by the name of the pass-through entity and the pass-through entity's identifying number.
The amounts reported in the SEFA agree with the amounts reported in the Town's financial statements and Federal Financial Reports (FFRs).
De Minimis Rate Used: N
Rate Explanation: No indirect costs were charged.
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Town of Chatham, Louisiana, (the Town) 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). 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 or change in net position of the Town.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Town of Chatham, Louisiana, (the Town) 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). 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 or change in net position of the Town.
Expenditures reported on the SEFA 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 Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Town did not have any loan or loan guarantee programs outstanding as of June 30, 2024.
The Town did not receive any noncash assistance.
Federal awards received as a subrecipient are identified in the SEFA by the name of the pass-through entity and the pass-through entity's identifying number.
The amounts reported in the SEFA agree with the amounts reported in the Town's financial statements and Federal Financial Reports (FFRs).
De Minimis Rate Used: N
Rate Explanation: No indirect costs were charged.
Expenditures reported on the SEFA 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.
Title: De Minimis Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Town of Chatham, Louisiana, (the Town) 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). 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 or change in net position of the Town.
Expenditures reported on the SEFA 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 Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Town did not have any loan or loan guarantee programs outstanding as of June 30, 2024.
The Town did not receive any noncash assistance.
Federal awards received as a subrecipient are identified in the SEFA by the name of the pass-through entity and the pass-through entity's identifying number.
The amounts reported in the SEFA agree with the amounts reported in the Town's financial statements and Federal Financial Reports (FFRs).
De Minimis Rate Used: N
Rate Explanation: No indirect costs were charged.
The Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Loan and Loan Guarantee Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Town of Chatham, Louisiana, (the Town) 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). 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 or change in net position of the Town.
Expenditures reported on the SEFA 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 Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Town did not have any loan or loan guarantee programs outstanding as of June 30, 2024.
The Town did not receive any noncash assistance.
Federal awards received as a subrecipient are identified in the SEFA by the name of the pass-through entity and the pass-through entity's identifying number.
The amounts reported in the SEFA agree with the amounts reported in the Town's financial statements and Federal Financial Reports (FFRs).
De Minimis Rate Used: N
Rate Explanation: No indirect costs were charged.
The Town did not have any loan or loan guarantee programs outstanding as of June 30, 2024.
Title: Noncash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Town of Chatham, Louisiana, (the Town) 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). 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 or change in net position of the Town.
Expenditures reported on the SEFA 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 Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Town did not have any loan or loan guarantee programs outstanding as of June 30, 2024.
The Town did not receive any noncash assistance.
Federal awards received as a subrecipient are identified in the SEFA by the name of the pass-through entity and the pass-through entity's identifying number.
The amounts reported in the SEFA agree with the amounts reported in the Town's financial statements and Federal Financial Reports (FFRs).
De Minimis Rate Used: N
Rate Explanation: No indirect costs were charged.
The Town did not receive any noncash assistance.
Title: Pass-through Entities
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Town of Chatham, Louisiana, (the Town) 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). 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 or change in net position of the Town.
Expenditures reported on the SEFA 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 Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Town did not have any loan or loan guarantee programs outstanding as of June 30, 2024.
The Town did not receive any noncash assistance.
Federal awards received as a subrecipient are identified in the SEFA by the name of the pass-through entity and the pass-through entity's identifying number.
The amounts reported in the SEFA agree with the amounts reported in the Town's financial statements and Federal Financial Reports (FFRs).
De Minimis Rate Used: N
Rate Explanation: No indirect costs were charged.
Federal awards received as a subrecipient are identified in the SEFA by the name of the pass-through entity and the pass-through entity's identifying number.
Title: Reconciliation to Financial Statements
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Town of Chatham, Louisiana, (the Town) 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). 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 or change in net position of the Town.
Expenditures reported on the SEFA 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 Town has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Town did not have any loan or loan guarantee programs outstanding as of June 30, 2024.
The Town did not receive any noncash assistance.
Federal awards received as a subrecipient are identified in the SEFA by the name of the pass-through entity and the pass-through entity's identifying number.
The amounts reported in the SEFA agree with the amounts reported in the Town's financial statements and Federal Financial Reports (FFRs).
De Minimis Rate Used: N
Rate Explanation: No indirect costs were charged.
The amounts reported in the SEFA agree with the amounts reported in the Town's financial statements and Federal Financial Reports (FFRs).