Title: General
Accounting Policies: General: The accompanying Schedule of Federal Awards presents the activity of all federal award programs of the City of Centralia, Illinois. The City's reporting entity is defined in Note 1 to the City's financial statements. Federal awards passed through other government agencies are included on the schedule.
Basis of Accounting: The accompanying Schedule of Federal Awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the City's financial statements.
Noncash Assistance, Federal Insurance and Loans/Loan Guarantees: The City did not receive any noncash assistance, federal guaranteed loans or federal insurance for any of its programs for the year ended December 31, 2024.
Subrecipient Monitoring: The City did not provide any funds to subrecipients for federal funds.
Indirect Cost Rate: The City elected to use the de minimis indirect cost rate of 10%.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs associated with any of the federal awards of the City.
The accompanying Schedule of Federal Awards presents the activity of all federal award programs of the City of Centralia, Illinois. The City's reporting entity is defined in Note 1 to the City's financial statements. Federal awards passed through other government agencies are included on the schedule.
Title: Basis of Accounting
Accounting Policies: General: The accompanying Schedule of Federal Awards presents the activity of all federal award programs of the City of Centralia, Illinois. The City's reporting entity is defined in Note 1 to the City's financial statements. Federal awards passed through other government agencies are included on the schedule.
Basis of Accounting: The accompanying Schedule of Federal Awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the City's financial statements.
Noncash Assistance, Federal Insurance and Loans/Loan Guarantees: The City did not receive any noncash assistance, federal guaranteed loans or federal insurance for any of its programs for the year ended December 31, 2024.
Subrecipient Monitoring: The City did not provide any funds to subrecipients for federal funds.
Indirect Cost Rate: The City elected to use the de minimis indirect cost rate of 10%.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs associated with any of the federal awards of the City.
The accompanying Schedule of Federal Awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the City's financial statements.
Title: Noncash Assistance, Federal Insurance and Loans/Loan Guarantees
Accounting Policies: General: The accompanying Schedule of Federal Awards presents the activity of all federal award programs of the City of Centralia, Illinois. The City's reporting entity is defined in Note 1 to the City's financial statements. Federal awards passed through other government agencies are included on the schedule.
Basis of Accounting: The accompanying Schedule of Federal Awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the City's financial statements.
Noncash Assistance, Federal Insurance and Loans/Loan Guarantees: The City did not receive any noncash assistance, federal guaranteed loans or federal insurance for any of its programs for the year ended December 31, 2024.
Subrecipient Monitoring: The City did not provide any funds to subrecipients for federal funds.
Indirect Cost Rate: The City elected to use the de minimis indirect cost rate of 10%.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs associated with any of the federal awards of the City.
The City did not receive any noncash assistance, federal guaranteed loans or federal insurance for any of its programs for the year ended December 31, 2024.
Title: Subrecipient Monitoring
Accounting Policies: General: The accompanying Schedule of Federal Awards presents the activity of all federal award programs of the City of Centralia, Illinois. The City's reporting entity is defined in Note 1 to the City's financial statements. Federal awards passed through other government agencies are included on the schedule.
Basis of Accounting: The accompanying Schedule of Federal Awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the City's financial statements.
Noncash Assistance, Federal Insurance and Loans/Loan Guarantees: The City did not receive any noncash assistance, federal guaranteed loans or federal insurance for any of its programs for the year ended December 31, 2024.
Subrecipient Monitoring: The City did not provide any funds to subrecipients for federal funds.
Indirect Cost Rate: The City elected to use the de minimis indirect cost rate of 10%.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs associated with any of the federal awards of the City.
The City did not provide any funds to subrecipients for federal funds.
Title: Indirect Cost Rate
Accounting Policies: General: The accompanying Schedule of Federal Awards presents the activity of all federal award programs of the City of Centralia, Illinois. The City's reporting entity is defined in Note 1 to the City's financial statements. Federal awards passed through other government agencies are included on the schedule.
Basis of Accounting: The accompanying Schedule of Federal Awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the City's financial statements.
Noncash Assistance, Federal Insurance and Loans/Loan Guarantees: The City did not receive any noncash assistance, federal guaranteed loans or federal insurance for any of its programs for the year ended December 31, 2024.
Subrecipient Monitoring: The City did not provide any funds to subrecipients for federal funds.
Indirect Cost Rate: The City elected to use the de minimis indirect cost rate of 10%.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs associated with any of the federal awards of the City.
The City elected to use the de minimis indirect cost rate of 10%.