FAC Explorer

Audit 363607

FY End
2024-12-31
Total Expended
$5.27M
Findings
0
Programs
13
Organization: City of Freeport (IL)
Year: 2024 Accepted: 2025-08-04
Auditor: Lauterbach & Amen LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
66.468 Drinking Water State Revolving Fund $1.84M Yes 0
66.458 Clean Water State Revolving Fund $1.03M Yes 0
97.047 Bric: Building Resilient Infrastructure and Communities $652,180 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $500,000 - 0
20.509 Formula Grants for Rural Areas and Tribal Transit Program $173,296 - 0
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $116,826 - 0
16.029 Office on Violence Against Women Special Projects $89,588 - 0
97.044 Assistance to Firefighters Grant $41,994 - 0
20.939 Safe Streets and Roads for All $41,178 - 0
20.106 Airport Improvement Program $32,777 - 0
20.600 State and Community Highway Safety $29,085 - 0
66.818 Brownfields Multipurpose, Assessment, Revolving Loan Fund, and Cleanup Cooperative Agreements $14,346 - 0
16.607 Bulletproof Vest Partnership Program $645 - 0

Contacts

Name Title Type
J1VNMDELLFK5 Michelle Richter Auditee
8152971300 Don Shaw Auditor
No contacts on file

Notes to SEFA

Title: 10% DE MINIMIS INDIRECT COST RATE Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the City under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. 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. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass-Through Entities Pass-through entity identifying numbers are presented on the Schedule where available. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
Title: SUBRECIPIENT RELATIONSHIPS Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the City under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. 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. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass-Through Entities Pass-through entity identifying numbers are presented on the Schedule where available. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The City did not remit any funds to subrecipients.