Audit 47013

Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includesthe federal and state grant activity of the City of Millington, Tennessee (the City) under programs of the federal andstate government for the year ended June 30, 2022. The information in this Schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostsPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only aselected portion of the operations of the City, it is not intended to and does not present the financial position, changes innet assets, or cash flows of the City.1. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance wherein certain types of expendituresare not allowable or are limited as to reimbursement.2. Pass-through entity identifying numbers are presented where available.3. There were no federal awards passed through to subrecipients.4. The City has elected not to use the de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.