Title: NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 - GENERAL The accompanying Schedule of Expenditures of
Federal Awards presents the activity of all federal awards programs of the
Madison Parish Police Jury, Tallulah, Louisiana. The Madison Parish Police
Jury (the "Police Jury") reporting entity is defined in Note 1 to the Police
Jury's financial statements. Federal awards received directly from federal
agencies, as well as federal awards passed through other government
agencies, is included on the schedule. 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 of Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of
operations of the Police Jury, it is not intended to and does not present
the financial position or changes in net position of the Police Jury.
NOTE 2 - BASIS OF ACCOUNTING The accompanying Schedule of
Expenditures of Federal Awards is presented using the modified accrual
basis of accounting, which is described in Note 1 to the Police Jury's
financial statements. Such expenses are recognized following the cost
principles contains in the Uniform Guidance, wherein certain types of
expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Police Jury has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Federal awards revenues are reported in the Police Jury's fund financial statements as follows:
Major Funds: Federal Sources
General Fund $ 681,597
Library 7,222
Garbage Maintenance 11,858
Health Unit 56,159
Courthouse & Jail 12,751
Public Works 72,877
American Rescue Plan 1,492,156
Grant Fund 6,859
Nonmajor Governmental Funds 585,978
Total $ 2,927,457
Title: NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 1 - GENERAL The accompanying Schedule of Expenditures of
Federal Awards presents the activity of all federal awards programs of the
Madison Parish Police Jury, Tallulah, Louisiana. The Madison Parish Police
Jury (the "Police Jury") reporting entity is defined in Note 1 to the Police
Jury's financial statements. Federal awards received directly from federal
agencies, as well as federal awards passed through other government
agencies, is included on the schedule. 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 of Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of
operations of the Police Jury, it is not intended to and does not present
the financial position or changes in net position of the Police Jury.
NOTE 2 - BASIS OF ACCOUNTING The accompanying Schedule of
Expenditures of Federal Awards is presented using the modified accrual
basis of accounting, which is described in Note 1 to the Police Jury's
financial statements. Such expenses are recognized following the cost
principles contains in the Uniform Guidance, wherein certain types of
expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Police Jury has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Amounts reported in the accompanying schedule agree with the
amounts reported in the related federal financial reports except
for changes made to reflect amounts in accordance with
accounting principles generally accepted in the United States of
America.
Title: NOTE 5 - FEDERAL AWARDS
Accounting Policies: NOTE 1 - GENERAL The accompanying Schedule of Expenditures of
Federal Awards presents the activity of all federal awards programs of the
Madison Parish Police Jury, Tallulah, Louisiana. The Madison Parish Police
Jury (the "Police Jury") reporting entity is defined in Note 1 to the Police
Jury's financial statements. Federal awards received directly from federal
agencies, as well as federal awards passed through other government
agencies, is included on the schedule. 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 of Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of
operations of the Police Jury, it is not intended to and does not present
the financial position or changes in net position of the Police Jury.
NOTE 2 - BASIS OF ACCOUNTING The accompanying Schedule of
Expenditures of Federal Awards is presented using the modified accrual
basis of accounting, which is described in Note 1 to the Police Jury's
financial statements. Such expenses are recognized following the cost
principles contains in the Uniform Guidance, wherein certain types of
expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Police Jury has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 5 - FEDERAL AWARDS For those funds that have matching
revenues and state funding, federal expenditures were
determined by deducting matching revenues from total
expenditures. Federal awards do not include the Police Jury’s
operating income from rents or investment (or other
non-federal source.)
Title: NOTE 6 - INDIRECT COST RATE
Accounting Policies: NOTE 1 - GENERAL The accompanying Schedule of Expenditures of
Federal Awards presents the activity of all federal awards programs of the
Madison Parish Police Jury, Tallulah, Louisiana. The Madison Parish Police
Jury (the "Police Jury") reporting entity is defined in Note 1 to the Police
Jury's financial statements. Federal awards received directly from federal
agencies, as well as federal awards passed through other government
agencies, is included on the schedule. 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 of Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of
operations of the Police Jury, it is not intended to and does not present
the financial position or changes in net position of the Police Jury.
NOTE 2 - BASIS OF ACCOUNTING The accompanying Schedule of
Expenditures of Federal Awards is presented using the modified accrual
basis of accounting, which is described in Note 1 to the Police Jury's
financial statements. Such expenses are recognized following the cost
principles contains in the Uniform Guidance, wherein certain types of
expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Police Jury has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 6 - INDIRECT COST RATE The Police Jury has elected not to
use the 10-percent de minimis indirect cost rate allowed under
the Uniform Guidance.