Title: Note A - Basis of Presentation
Accounting Policies: The accompanying schedule of federal awards includes the federal grant awards of the City under programs of the federal government for the year ended December 31, 2023, and is presented on the modified accrual basis of accounting or in a manner specified in the award agreement. 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, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City used direct costs for all federal awards expended.
The accompanying schedule of federal awards includes the federal grant awards of the City under programs of the federal government for the year ended December 31, 2024, and is presented on the modified accrual basis of accounting or in a manner specified in the award agreement. 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, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City.
Title: Note B - Reconciliation of Federal Expenditures
Accounting Policies: The accompanying schedule of federal awards includes the federal grant awards of the City under programs of the federal government for the year ended December 31, 2023, and is presented on the modified accrual basis of accounting or in a manner specified in the award agreement. 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, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City used direct costs for all federal awards expended.
Federal assistance expended as reported on the Schedule of Expenditures of Federal Awards $4,109,818
Intergovernmental revenues as reported on the Statement of Revenues, Expenditures, and Changes in Fund Balances/Net Position
Governmental Funds $4,047,295
Proprietary Funds $664,349
Less: intergovernmental revenues from Lafourche Parish Government for proprietary funds $(601,826)
Total $4,109,818
Title: Note C - Indirect Cost Rate
Accounting Policies: The accompanying schedule of federal awards includes the federal grant awards of the City under programs of the federal government for the year ended December 31, 2023, and is presented on the modified accrual basis of accounting or in a manner specified in the award agreement. 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, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City used direct costs for all federal awards expended.
The City has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Note D - Subrecipients
Accounting Policies: The accompanying schedule of federal awards includes the federal grant awards of the City under programs of the federal government for the year ended December 31, 2023, and is presented on the modified accrual basis of accounting or in a manner specified in the award agreement. 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, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City used direct costs for all federal awards expended.
The City does not pass through any awards to subrecipients.