The City of Chicago (the “City”) is a governmental entity established by laws of the State of Illinois and has the powers of a body corporate, as defined in the statutes. All significant operations of the City are included in the scope of the Office of Management and Budget (“OMB”) requirements contained in 2 CFR Part 200, Subpart F (“Single Audit”). The U.S. Department of Health and Human Services (“HHS”) has been designated as the City’s cognizant agency for the Single Audit. The reporting entity for the City is based upon criteria established by the Governmental Accounting Standards Board. Programs Subject to Single Audit – A Schedule of Expenditures of Federal Awards (“SEFA”) is presented for each federal program and a summary of expenditures by federal agency is as follows: U.S. Department of Agriculture $ 4,165,541 U.S. Department of Housing and Urban Development 146,313,352 U.S. Department of Justice 7,751,382 U.S. Department of Transportation 198,577,472 U.S. Department of Treasury 172,272,793 U.S. National Endowment for the Arts 96,893 U.S. Environmental Protection Agency 146,299,457 U.S. Department of Energy 396,729 U.S. Department of Health and Human Services 296,767,367 U.S. Corporation for National and Community Service 860,868 U.S. Department of Homeland Security 47,464,516 Total Expenditures of Federal Awards $1,020,966,370 Passenger Facility Charges collected and expended, as prescribed by Sections 9110 and 9111 of the Aviation Safety and Capacity Expansion Act of 1990 issued by the Federal Aviation Administration of the United States Department of Transportation, are not included in this Single Audit report and are audited separately.
The accompanying schedule of expenditures of federal awards (the “schedule”) includes the federal award activity of the City of Chicago under programs of the federal government for the year ended December 31, 2025. 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). The schedule presents only a selected portion of the operations of the City of Chicago and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of the City of Chicago.
WIFIA Loan (ALN 66.958) On February 16, 2026, and May 15, 2026, the City of Chicago received disbursements in the amounts of $63.2 million and $29.7 million, respectively, pursuant to the Water Infrastructure Finance and Innovation Act (WIFIA) Loan Agreement entered into by the City and the U.S. Environmental Protection Agency dated December 3, 2024.