Title: Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. 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 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 position, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the up to 15% de minimis cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of
accounting used by the City in preparation of the government wide financial statements that report
these awards. The accounting policies of the City conform to accounting principles generally accepted
in the United States of America as applicable to governmental units. The preparation of the Schedule
of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the
United States of America requires management to make certain assumptions that affect the reported
amounts of expenditures during the reporting period. Actual results could differ from those estimates.
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 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 position, or cash flows of the City.
Title: Disbursements
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. 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 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 position, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the up to 15% de minimis cost rate allowed under the Uniform Guidance.
Disbursement reported in the Schedule of Expenditures of Federal Awards cannot be traced, in every
case, directly to the disbursements reported in the City’s Annual Comprehensive Financial Report.
However, the detailed information regarding the disbursements reflected in both issued reports can
be traced to the City’s detailed general ledger with adjustments for any year-end financial statement
accruals and reversals.
Title: Schedule of Expenditures of Federal Awards
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. 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 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 position, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the up to 15% de minimis cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal
award programs of the City that were received directly from federal agencies or passed through other
entities and governmental agencies.
The City has prepared this Schedule of Expenditures of Federal Awards to comply with the provisions
of the Uniform Guidance. The Uniform Guidance stipulates that a Schedule of Expenditures of Federal
Awards be prepared showing total expenditures of each federal award program and the Assistance
Listing Number or other identifying number when the Assistance Listings information is not available.
Title: Subrecipient Payments
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. 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 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 position, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the up to 15% de minimis cost rate allowed under the Uniform Guidance.
The City’s Community Development Block Grants/Entitlement Grants provided payments to the
following subrecipients.
Gift of Dance Inc. $ 4,991
Volunteers of America Lighthouse Program 11,177
Bossier City Low Income Youth Sports Program 1,840
Plant a Seed in Our Youth 7,172
Bossier Office of Community Services, Inc. 1,257
Dress for Success 7,730
Compassion for Lives 32,726
Catholic Charities of North Louisiana 92,923
$ 159816
Title: Indirect Cost Rate
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. 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 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 position, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the up to 15% de minimis cost rate allowed under the Uniform Guidance.
The City has elected not to use the up to 15% de minimis cost rate allowed under the Uniform
Guidance.
Title: Loan Programs
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. 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 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 position, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the up to 15% de minimis cost rate allowed under the Uniform Guidance.
The City had outstanding loans with the Louisiana Department of Environmental Quality and Louisiana
Department of Health at December 31, 2024. Loans made with federal funds during the year are
included in the federal expenditures presented in the Schedule. The balance of loans outstanding at
December 31, 2024 consist of the following.
Agency Loan Number
Outstanding
Balance
Louisiana Department of Environmental Quality 221102-03 $ 9,545,747
Louisiana Department of Environmental Quality 221103-01 5,917,000
Louisiana Department of Environmental Quality 221103-02 6,927,000
Louisiana Department of Environmental Quality 221103-03 9,483,000
Louisiana Department of Health 1015004-01 6,682,331
$ 38,555,078
Title: Subsequent Events
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting used by the City in preparation of the government wide financial statements that report these awards. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The preparation of the Schedule of Expenditures of Federal Awards in conformity with accounting principles generally accepted in the United States of America requires management to make certain assumptions that affect the reported amounts of expenditures during the reporting period. Actual results could differ from those estimates. 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 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 position, or cash flows of the City.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the up to 15% de minimis cost rate allowed under the Uniform Guidance.
The City is required to evaluate events or transactions that may occur after the Schedule of
Expenditures of Federal Awards date for potential recognition or disclosure in the notes to the
Schedule of Expenditures of Federal Awards. The City performed such an evaluation through June 30,
2025, the date which the Schedule of Expenditures of Federal Awards was available to be issued, and
noted no events or transactions that occurred after the Schedule of Expenditures of Federal Awards
date requiring recognition or disclosure.