Audit 358100

Title: Basis of Presentation and Accounting Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Monroe, Georgia and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements. The City did not pass any federal awards through to subrecipients De Minimis Rate Used: N Rate Explanation: The City did not utilize the 10% de minimis indirect cost rate permitted by the Uniform Guidance The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Monroe, Georgia and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements. The City did not pass any federal awards through to subrecipients. The City did not utilize the 10% de minimis indirect cost rate permitted by the Uniform Guidance.