Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedules are reported on the accrual or 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 on the schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible
within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. The accounting records for other grant programs are maintained on the accrual basis, i.e., when the revenue has been
earned and the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The City of Eau Claire has elected not to use the 10% de minimis indirect cost rate of the Uniform Guidance.
The accompanying schedules of expenditures of federal awards and state financial
assistance include the federal and state award activity of the City of Eau Claire under
programs of the federal and state government for the year ended December 31, 2024. The
information in these schedules 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) and the State
Single Audit Guidelines. Because the schedules present only a selected portion of the
operations of the City of Eau Claire, it is not intended to and does not present the financial
position, changes in net position or cash flows of the City of Eau Claire.
Title: GEARS REPORT DATES
Accounting Policies: Expenditures reported on the schedules are reported on the accrual or 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 on the schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible
within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. The accounting records for other grant programs are maintained on the accrual basis, i.e., when the revenue has been
earned and the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The City of Eau Claire has elected not to use the 10% de minimis indirect cost rate of the Uniform Guidance.
The schedules of expenditures of federal awards and state financial assistance include
adjustments through the March 27, 2025 (expected payment date) Grant Enrollment,
Application and Reporting System (GEARS) reports.
Title: INDIRECT COST RATE
Accounting Policies: Expenditures reported on the schedules are reported on the accrual or 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 on the schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible
within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. The accounting records for other grant programs are maintained on the accrual basis, i.e., when the revenue has been
earned and the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The City of Eau Claire has elected not to use the 10% de minimis indirect cost rate of the Uniform Guidance.
The City of Eau Claire has elected not to use the 10% de minimis indirect cost rate of the
Uniform Guidance.
Title: LOAN AND LOAN GUARANTEE PROGRAMS
Accounting Policies: Expenditures reported on the schedules are reported on the accrual or 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 on the schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible
within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. The accounting records for other grant programs are maintained on the accrual basis, i.e., when the revenue has been
earned and the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The City of Eau Claire has elected not to use the 10% de minimis indirect cost rate of the Uniform Guidance.
The loan program listed below is administered by the City of Eau Claire, and balances and transactions relating to this program are included in the City of Eau Claire's basic financial
statements. The amount shown on the schedule of expenditures of federal awards for Assistance Listing Number 11.307 is calculated as described in the compliance supplement.
Balance of Loans Outstanding at December 31, 2024 $ 117,575
Cash and Investments Balance at December 31, 2024 379,925
Administrative Expenses Paid Out of Income During
the Year - Subtotal 497,500
Federal Share of the Fund 100%
Total $ 497,500
The balance of loans outstanding at December 31, 2024 was $117,575.
Title: PASS-THROUGH GRANTORS
Accounting Policies: Expenditures reported on the schedules are reported on the accrual or 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 on the schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible
within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. The accounting records for other grant programs are maintained on the accrual basis, i.e., when the revenue has been
earned and the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The City of Eau Claire has elected not to use the 10% de minimis indirect cost rate of the Uniform Guidance.
Federal funds have been passed through the following grantors:
DOA Wisconsin Department of Administration
DHS Wisconsin Department of Health Services
DOJ Wisconsin Department of Justice
DMA Wisconsin Department of Military Affairs
DOT Wisconsin Department of Transportation
NACCHO National Association of County and City Health Officials
AFDO Association of Food and Drug Officials
WDCF Wisconsin Department of Children and Families
EC Co Eau Claire County