Audit 356449

Title: Basis of Presentation Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City of Ruston, Louisiana, (the City) in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. De Minimis Rate Used: Y Rate Explanation: The City has elected to use the 10-percent de minimis cost rate allowed under the Uniform Guidance. The audit was performed pursuant to the Single Audit Act of 1996 and the Uniform Guidance. The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City of Ruston, Louisiana, (the City) in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates.

Title: Disbursements Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City of Ruston, Louisiana, (the City) in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. De Minimis Rate Used: Y Rate Explanation: The City has elected to use the 10-percent de minimis cost rate allowed under the Uniform Guidance. Disbursements reported in the Schedule of Expenditures of Federal Awards cannot be traced, in every case, directly to the disbursements reported in the City’s Annual Comprehensive Financial Report (ACFR). However, the detailed information regarding the disbursements reflected in both issued reports can be traced to the City’s detailed general ledger with adjustments for any year-end financial statement accruals and reversals.

Title: Schedule of Expenditures of Federal Awards Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City of Ruston, Louisiana, (the City) in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. De Minimis Rate Used: Y Rate Explanation: The City has elected to use the 10-percent de minimis cost rate allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of the City that were received directly from federal agencies or passed through other entities and governmental agencies. The City has prepared this Schedule of Expenditures of Federal Awards to comply with the provisions of the Uniform Guidance, Audits of States, Local Governments and Non-Profit Organizations. The Uniform Guidance stipulates that a Schedule of Expenditures of Federal Awards be prepared showing total expenditures of each federal award program as identified in the Assistance Listing (AL) and for other federal financial awards that have not been assigned a catalog number.

Title: Indirect Cost Rate Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City of Ruston, Louisiana, (the City) in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. De Minimis Rate Used: Y Rate Explanation: The City has elected to use the 10-percent de minimis cost rate allowed under the Uniform Guidance. The City has elected to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.

Title: Subsequent Events Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City of Ruston, Louisiana, (the City) in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. De Minimis Rate Used: Y Rate Explanation: The City has elected to use the 10-percent de minimis cost rate allowed under the Uniform Guidance. The City is required to evaluate events or transactions that may occur after the schedule of expenditures of federal awards date for potential recognition or disclosure in the notes to the schedule of expenditures of federal awards. The City performed such an evaluation through March 31, 2025, the date which the schedule of expenditures of federal awards was available to be issued and noted no events of transactions that occurred after the schedule of expenditures of federal awards date requiring recognition or disclosure.