Title: Note A - Basis of Presentation
Accounting Policies: The accompanying schedule of federal awards includes the federal grant awards of the Assumption Parish Police Jury and is presented on the modified 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.
De Minimis Rate Used: N
Rate Explanation: The Police Jury used direct costs for all federal awards expended.
The accompanying schedule of expenditures of federal awards inclues the federal grant activity of Assumption Parish Police Jury and is presented on the modified 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 (CFR) Part 200, Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Title: Note B - Reconcilation of Federal Expenditures to Financial Statements
Accounting Policies: The accompanying schedule of federal awards includes the federal grant awards of the Assumption Parish Police Jury and is presented on the modified 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.
De Minimis Rate Used: N
Rate Explanation: The Police Jury used direct costs for all federal awards expended.
As expenditure driven grants, the expenditures equal or exceed the amount of federal grant revenue recognized. Revenues are recognized as follows:
Federal assistance expended as reported on Schedule of Expenditures of Federal Awards $3,066,210
FEMA revenue accrued in current year but not obligated in current year $38,972
Emergency Management Performance Grant accrued in current year but not obligated in current year $49,741
Section 8 Housing revenue received in current year but not expended $2,801
Section 8 Housing revenue received in prior year but spent in current year $(4,781)
GOMESA funds received in prior year but expended in current year $(99,882)
Federal grant revenues $3,053,061
Federal grants as reported on Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds $2,976,774
Federal grants as reported on Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds $76,287
Total $3,053,061
Title: Note C - Indirect Cost Rate
Accounting Policies: The accompanying schedule of federal awards includes the federal grant awards of the Assumption Parish Police Jury and is presented on the modified 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.
De Minimis Rate Used: N
Rate Explanation: The Police Jury used direct costs for all federal awards expended.
Assumption Parish Police Jury has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Title: Note D - Prior Year Expenditures
Accounting Policies: The accompanying schedule of federal awards includes the federal grant awards of the Assumption Parish Police Jury and is presented on the modified 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.
De Minimis Rate Used: N
Rate Explanation: The Police Jury used direct costs for all federal awards expended.
The following amounts are reported in the current year schedule and are for eligible expenditures that were incurred in prior years:
COVID-19 Coronavirus State and Local Fiscal Recovery Funds $302,576
Cities Readiness Initiative $3,990
Emergency Management Performance Grant $12,828
ECF Funding $1,381
Total $320,775