Title: Note 1 - Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City
of Thomasville, Alabama (the City) and is presented on the accrual basis of accounting. Under this basis
of accounting, revenues are recognized when earned and expenses are recognized when the related
liability is incurred. 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 (the Uniform Guidance). Therefore, some of the amounts
presented in this schedule may differ from the amounts presented in, or used in the preparation of, the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to charge a de minimis rate of 10% for all federal awards.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City
of Thomasville, Alabama (the City) and is presented on the accrual basis of accounting. Under this basis
of accounting, revenues are recognized when earned and expenses are recognized when the related
liability is incurred. 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 (the Uniform Guidance). Therefore, some of the amounts
presented in this schedule may differ from the amounts presented in, or used in the preparation of, the
financial statements.
Title: Note 2 - Reporting Entity
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City
of Thomasville, Alabama (the City) and is presented on the accrual basis of accounting. Under this basis
of accounting, revenues are recognized when earned and expenses are recognized when the related
liability is incurred. 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 (the Uniform Guidance). Therefore, some of the amounts
presented in this schedule may differ from the amounts presented in, or used in the preparation of, the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to charge a de minimis rate of 10% for all federal awards.
The basic financial statements and the schedule of expenditures of federal awards reflects the activity of
the City (the primary government), and do not include all of the financial activities of the Thomasville
Industrial Development Board and the Health Care Authority Corporation of the City of Thomasville,
Alabama as required by accounting principles generally accepted in the United States of America. The City
does not issue separate reports for these component units.
Blended component units are, in substance, part of the primary government’s operations, even though they
are legally separate entities. Southwest Alabama RSVP, Inc. and the Public Park and Recreation Board of
the City of Thomasville, Alabama are considered blended components of the City due to their fiscal
dependence on the City. The Water Works and Sewer Board of the City of Thomasville, Alabama is
considered a blended component unit of the City because it functions, for all practical purposes, as a
department of the City.
Title: Note 3 - Indirect Cost Rates
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City
of Thomasville, Alabama (the City) and is presented on the accrual basis of accounting. Under this basis
of accounting, revenues are recognized when earned and expenses are recognized when the related
liability is incurred. 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 (the Uniform Guidance). Therefore, some of the amounts
presented in this schedule may differ from the amounts presented in, or used in the preparation of, the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to charge a de minimis rate of 10% for all federal awards.
The City did not elect to charge a de minimis rate of 10% for all federal awards.
Title: Note 4 - Prior Year Expenditures Included in the Schedule of Expenditures of Federal Awards
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City
of Thomasville, Alabama (the City) and is presented on the accrual basis of accounting. Under this basis
of accounting, revenues are recognized when earned and expenses are recognized when the related
liability is incurred. 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 (the Uniform Guidance). Therefore, some of the amounts
presented in this schedule may differ from the amounts presented in, or used in the preparation of, the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to charge a de minimis rate of 10% for all federal awards.
During fiscal year 2021 and 2022, the City was awarded Coronavirus State and Local Fiscal Recovery
Funds grant money from the Department of Treasury (Assistance Listing No. 21.027). This grant was
created as the Federal government’s response to the COVID-19 pandemic. This amount was allowed to
be used as revenue replacement and the provision of government services. During fiscal year 2023, a
street resurfacing project was started but no revenue was recognized as the City had not determined what
the grant funds would be used for. During fiscal year 2024, the City determined that it would use all of the
CSLFRF grant money for the street resurfacing project. This means that $362,872 of expenditures were
incurred in the prior year. These expenditures are included on the schedule of expenditures of federal
awards for the year ended September 30, 2024.