Title: NOTE 4 - SUBRECIPIENT RELATIONSHIPS
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of the City under programs of the federal government for the year ended February 28, 2023. The
information in this Schedule is presented in accordance with the requirements of Uniform Guidance,
Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only
a selected portion of the operations of the City, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the City.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
NOTE 3 – 10% DE MINIMIS INDIRECT COST RATE
The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The City of Springfield provided CFDA #14.218 – Community Development Block Grants/Entitlement
Grants to the following subrecipients: / See the Notes to the SEFA for chart/table
Title: NOTE 4 - SUBRECIPIENT RELATIONSHIPS
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of the City under programs of the federal government for the year ended February 28, 2023. The
information in this Schedule is presented in accordance with the requirements of Uniform Guidance,
Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only
a selected portion of the operations of the City, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the City.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
NOTE 3 – 10% DE MINIMIS INDIRECT COST RATE
The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The City of Springfield provided CFDA #14.239 – Home Investment Partnerships Program to the
following subrecipients: / See the Notes to the SEFA for chart/table
Title: NOTE 4 - SUBRECIPIENT RELATIONSHIPS
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of the City under programs of the federal government for the year ended February 28, 2023. The
information in this Schedule is presented in accordance with the requirements of Uniform Guidance,
Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only
a selected portion of the operations of the City, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the City.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
NOTE 3 – 10% DE MINIMIS INDIRECT COST RATE
The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The City of Springfield provided CFDA #16.378 – Edward Byrne Memorial Justice Assistance Grant
Program to the following subrecipients: / See the Notes to the SEFA for chart/table
Title: NOTE 5 - LOAN AND LOAN GUARANTEE PROGRMAS
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of the City under programs of the federal government for the year ended February 28, 2023. The
information in this Schedule is presented in accordance with the requirements of Uniform Guidance,
Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only
a selected portion of the operations of the City, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the City.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Pass-Through Entities
Pass-through entity identifying numbers are presented on the Schedule where available.
NOTE 3 – 10% DE MINIMIS INDIRECT COST RATE
The City has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Under the Community Development Block Grant program (CFDA 14.218), the City of Springfield
administers loan programs which are accounted for in the Community Development Fund, a special
revenue fund. As of February 28, 2023, the loans outstanding under these programs total $98,778.