Title: Note 3 SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Fairhope, Alabama and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City did not provide federal awards to any subrecipients during the year ended September 30, 2022.
Title: Note 6 EXPENDITURES INCURRED IN PRIOR FISCAL YEAR
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Fairhope, Alabama and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal Assistance Listing No. 97.036 includes expenditures totaling $2,750,156, which were incurred in a prior fiscal year and obligated by FEMA in the current fiscal year.
Title: Note 4 Program Income
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Fairhope, Alabama and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City did not have program income during the year ended September 30, 2022.
Title: Note 2. REPORTING ENTITY
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Fairhope, Alabama and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Citys reporting entity is fully described in Note 1 to the financial statements.