The accompanying schedule of expenditures of federal awards (the 'Schedule")
includes the federal award activity for City of Malta, Montana under programs of the
federal government for the year ended June 30, 2023. 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 for Federal Awards (Uniform Guidance).
Because the Schedule presents only a selected portion of the operations of City
of Malta, Montana, it is not intended to and does not present the financial position,
Because the Schedule presents only a selected portion of the operations of City
of Malta, Montana, it is not intended to and does not present the financial position,
changes in net assets, or cash flows of City of Malta, Montana.
Expenditures reported on the Schedule are reported on the 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
Schedule represent adjustments or credits made in the normal course of business
to amounts reported as expenditures in prior years
City of Malta did not adopt the de minimis rate
There were no subrecipients