Title: Basis of Accounting
Accounting Policies: This Schedule is prepared on the same basis of accounting as the City of College Place
financial statements. The City of College Place reports financial activity in accordance with
the Cash Basis Budgeting, Accounting and Reporting System (BARS) manual prescribed
by the State Auditor’s Office under the authority of Washington State law, Chapter 43.09
RCW.
The amounts shown as current year expenditures represent only the federal grant portion of
the program costs. Entire program costs, including the City of College Place portion, are
more than shown. Such expenditures are recognized following, as applicable, either the cost
principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal
Governments, or 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.
De Minimis Rate Used: N
Rate Explanation: The City of College Place has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
This Schedule is prepared on the same basis of accounting as the City of College Place
financial statements. The City of College Place reports financial activity in accordance with
the Cash Basis Budgeting, Accounting and Reporting System (BARS) manual prescribed
by the State Auditor’s Office under the authority of Washington State law, Chapter 43.09
RCW.
The amounts shown as current year expenditures represent only the federal grant portion of
the program costs. Entire program costs, including the City of College Place portion, are
more than shown. Such expenditures are recognized following, as applicable, either the cost
principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal
Governments, or 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.
Title: Indirect Cost Rate
Accounting Policies: This Schedule is prepared on the same basis of accounting as the City of College Place
financial statements. The City of College Place reports financial activity in accordance with
the Cash Basis Budgeting, Accounting and Reporting System (BARS) manual prescribed
by the State Auditor’s Office under the authority of Washington State law, Chapter 43.09
RCW.
The amounts shown as current year expenditures represent only the federal grant portion of
the program costs. Entire program costs, including the City of College Place portion, are
more than shown. Such expenditures are recognized following, as applicable, either the cost
principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal
Governments, or 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.
De Minimis Rate Used: N
Rate Explanation: The City of College Place has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
The City of College Place has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
Title: Federal Loans
Accounting Policies: This Schedule is prepared on the same basis of accounting as the City of College Place
financial statements. The City of College Place reports financial activity in accordance with
the Cash Basis Budgeting, Accounting and Reporting System (BARS) manual prescribed
by the State Auditor’s Office under the authority of Washington State law, Chapter 43.09
RCW.
The amounts shown as current year expenditures represent only the federal grant portion of
the program costs. Entire program costs, including the City of College Place portion, are
more than shown. Such expenditures are recognized following, as applicable, either the cost
principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal
Governments, or 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.
De Minimis Rate Used: N
Rate Explanation: The City of College Place has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
The City of College Place was approved by the EPA to receive loans totally $3,018,046,
$1,822,615, and $1,195,431 (50% forgivable) to improve its drinking water system. The
City also received a $2,838,000 loan from USDA to fund wastewater improvements. The
amounts listed for these loans includes the proceeds used during the year. The balance
owing at the end of the year is $4,955,549. The current year loans are reported on the
City of College Place’s Schedule of Liabilities.
Title: Revolving Loan – Program Income
Accounting Policies: This Schedule is prepared on the same basis of accounting as the City of College Place
financial statements. The City of College Place reports financial activity in accordance with
the Cash Basis Budgeting, Accounting and Reporting System (BARS) manual prescribed
by the State Auditor’s Office under the authority of Washington State law, Chapter 43.09
RCW.
The amounts shown as current year expenditures represent only the federal grant portion of
the program costs. Entire program costs, including the City of College Place portion, are
more than shown. Such expenditures are recognized following, as applicable, either the cost
principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal
Governments, or 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.
De Minimis Rate Used: N
Rate Explanation: The City of College Place has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
The City of College Place has a revolving loan program for drinking water with the
Department of Health. Under this federal program, repayments to the City of College
Place are considered program revenues and loans of such funds to eligible recipients are
considered expenditures. The amount of loan funds disbursed to program recipients for
the year was $1,572,435 and is presented in the Schedule of Liabilities. The amount of
principal and interest disbursed in loan repayments for the year was $284,118. The loans
are split by the DOH according to the source of funds. The Federal portion for 2022 was
$742,863.
Title: Program Costs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the City of College Place
financial statements. The City of College Place reports financial activity in accordance with
the Cash Basis Budgeting, Accounting and Reporting System (BARS) manual prescribed
by the State Auditor’s Office under the authority of Washington State law, Chapter 43.09
RCW.
The amounts shown as current year expenditures represent only the federal grant portion of
the program costs. Entire program costs, including the City of College Place portion, are
more than shown. Such expenditures are recognized following, as applicable, either the cost
principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal
Governments, or 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.
De Minimis Rate Used: N
Rate Explanation: The City of College Place has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion
of the program costs. Entire program costs, including the City of College Place portion
are more than shown. Such expenditures are recognized following, as applicable, either
the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian
Tribal Governments, or 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.