Audit 358155

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the 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. De Minimis Rate Used: N Rate Explanation: City of Evans, Colorado has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance Guidance. The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the City of Evans under programs of the federal government for the year ended December 31, 2023. 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 of Evans, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City of Evans.

Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the 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. De Minimis Rate Used: N Rate Explanation: City of Evans, Colorado has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance Guidance. Expenditures reported on the Schedule are reported on the 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: Indirect Cost Rate Accounting Policies: Expenditures reported on the Schedule are reported on the 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. De Minimis Rate Used: N Rate Explanation: City of Evans, Colorado has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance Guidance. City of Evans, Colorado has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.

Title: Related Parties Accounting Policies: Expenditures reported on the Schedule are reported on the 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. De Minimis Rate Used: N Rate Explanation: City of Evans, Colorado has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance Guidance. Evans Fire Protection District (EFPD) is a related party to the City of Evans due to shared operational relationships and service arrangements. During the year ended December 31, 2024, federal funds were used to pay EFPD for services rendered. These payments were made in the normal course of business and in accordance with applicable federal grant requirements.