Audit 362846

Accounting Policies: Basis of Presentation This schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of City of Adel, Georgia under programs of the federal government for the year ended September 30, 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 this Schedule presents only a selected portion of the operations of City of Adel, Georgia, it is not intended to and does not present the financial position, changes in net assets, or cash flows of City of Adel, Georgia. Significant Accounting Policies Expenditures reported on the Schedule are presented on the modified 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. Negative amounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: City of Adel, Georgia has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.