Audit 6983

Title: Basis of Presentation Accounting Policies: Expenditures reported on the accompanying City of Rock Springs, Wyoming (the "City") schedule of expenditures of federal awards (the "Schedule") are reported on the modified accrual basis of accounting, the same basis used by the City in its governmental fund financial reporting. Such expenditures are recognized following the cost principles outlined in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The City does not sub-grant any Federal funds received. De Minimis Rate Used: N Rate Explanation: The City has elected to not use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance. The Schedule includes the federal award activity of the City under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of 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 assets, or cash flows of the City.