Audit 68913

Accounting Policies: NOTE 1 BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal award activity of the City of Westminster (the City) under programs of the federalgovernment for the year ended June 30, 2022. The information in this Schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of the City, it is not intended to and does not present the financialstatements of the City. The Citys reporting entity is defined in Note 1 of the notes to theCitys financial statements.NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported using the modified accrual basis ofaccounting for governmental funds and the accrual basis for proprietary funds, which isdescribed in Note 1 of the notes to the Citys financial statements. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance. Under theseprinciples, certain types of expenditures are not allowable or are limited as toreimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.