Audit 53196

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of City of Lincoln Park (the City) under programs of the federal government for the year ended June 30, 2022. The information in the 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 (the Uniform Guidance). 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. Expenditures reported in the Schedule are reported on the same basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement, except for expenditures related to CFDA 21.019, Coronavirus Relief Fund (CRF). CRF does not apply the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards but rather applies the U.S. Department of Treasurys guidance and/or U.S. Department of Health and Human Services guidance] and frequently asked questions as outlined in the 2020 Compliance Supplement Addendum. The pass through entity identifying numbers are presented where available. Expenditures reported in the Schedule are reported on the same basis of accounting as the basic financial statements excerpt for the expenditures related to CFDA 66.458, Capitalization Grants for Clean Water State Revolving Fund (CWSRF) program. The CWSRF expenditures are reported on a cash basis in acordance with the subrecipient reporting guidelines outlined in the most recent OMB Compliance Supplement for CFDA 6.458. The City has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.