Title: PROGRAM COSTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of the federal awards of the City of Shreveport, Louisiana (the City). The Citys reporting entity is defined in Note 1 to the Citys financial statements for the year ended December 31, 2022. All federal awards received from federal agencies are included on the Schedule. The accompanying Schedule of Expenditures of Federal Awards is presented using the same basis of accounting, which is described in Note 1 to the Citys financial statements for the year ended December 31, 2022. The information in the 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The City did not elect to use the 10 percent (10%) de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Citys portion, exceed what is presented. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: MATCHING REQUIREMENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of the federal awards of the City of Shreveport, Louisiana (the City). The Citys reporting entity is defined in Note 1 to the Citys financial statements for the year ended December 31, 2022. All federal awards received from federal agencies are included on the Schedule. The accompanying Schedule of Expenditures of Federal Awards is presented using the same basis of accounting, which is described in Note 1 to the Citys financial statements for the year ended December 31, 2022. The information in the 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The City did not elect to use the 10 percent (10%) de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Certain Federal programs require the City to contribute non-Federal funds (matching funds) to support the Federally-funded programs. The City has met its matching requirements. The Schedule does not include the expenditure of non-Federal matching funds.
Title: LOANS AND LOAN GUARANTEES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of the federal awards of the City of Shreveport, Louisiana (the City). The Citys reporting entity is defined in Note 1 to the Citys financial statements for the year ended December 31, 2022. All federal awards received from federal agencies are included on the Schedule. The accompanying Schedule of Expenditures of Federal Awards is presented using the same basis of accounting, which is described in Note 1 to the Citys financial statements for the year ended December 31, 2022. The information in the 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The City did not elect to use the 10 percent (10%) de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Office of Community Planning and Development has issued a compliance supplement regarding the programs for the Community Development Block Grant (ALN 14.218). For subrecipients of these loans in years after the subrecipient has expended loan proceeds and completed construction, and the subrecipients only ongoing financial activity of the program is the payment of principal and interest on outstanding balances, the prior loan balances at the subrecipient level are not considered to have continuing compliance requirements. The City's Water and Sewer department is the subrecipient of the States Capitalization Grants for Clean Water State Revolving Funds (ALN 66.458). The City has drawn down $15,006,597 as of the year ended December 31, 2022. The outstanding balances for Loan and Loan Guarantee Programs as of December 31, 2022 is as follows; Community Development Block Grants/Entitlement Grants, ALN 14.218, $142,000, and Capitalization Grants for Clean Water State Revolving Funds, ALN 66.458, $13,579.696.
Title: SUBSEQUENT EVENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of the federal awards of the City of Shreveport, Louisiana (the City). The Citys reporting entity is defined in Note 1 to the Citys financial statements for the year ended December 31, 2022. All federal awards received from federal agencies are included on the Schedule. The accompanying Schedule of Expenditures of Federal Awards is presented using the same basis of accounting, which is described in Note 1 to the Citys financial statements for the year ended December 31, 2022. The information in the 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The City did not elect to use the 10 percent (10%) de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
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, 2023, 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.
Title: NONCASH AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of the federal awards of the City of Shreveport, Louisiana (the City). The Citys reporting entity is defined in Note 1 to the Citys financial statements for the year ended December 31, 2022. All federal awards received from federal agencies are included on the Schedule. The accompanying Schedule of Expenditures of Federal Awards is presented using the same basis of accounting, which is described in Note 1 to the Citys financial statements for the year ended December 31, 2022. The information in the 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The City did not elect to use the 10 percent (10%) de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No noncash awards were received for the year ended December 31, 2022.
Title: PROGRAM INCOME
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of the federal awards of the City of Shreveport, Louisiana (the City). The Citys reporting entity is defined in Note 1 to the Citys financial statements for the year ended December 31, 2022. All federal awards received from federal agencies are included on the Schedule. The accompanying Schedule of Expenditures of Federal Awards is presented using the same basis of accounting, which is described in Note 1 to the Citys financial statements for the year ended December 31, 2022. The information in the 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The City did not elect to use the 10 percent (10%) de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
See table inside of single audit report.
Title: Program Subtotal
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of the federal awards of the City of Shreveport, Louisiana (the City). The Citys reporting entity is defined in Note 1 to the Citys financial statements for the year ended December 31, 2022. All federal awards received from federal agencies are included on the Schedule. The accompanying Schedule of Expenditures of Federal Awards is presented using the same basis of accounting, which is described in Note 1 to the Citys financial statements for the year ended December 31, 2022. The information in the 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The City did not elect to use the 10 percent (10%) de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The total expenditures under ALN 16.738 are $158,861.