Audit 7400

Title: NOTE TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED JUNE 30, 2023 Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Town of Pinedale, Wyoming and is presented on the modified cash basis of accounting. The information in this 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 (Uniform Guidance). The loan balance shown above is the current outstanding loan balance. See Note 7 - Notes Payable for more information on the note terms. De Minimis Rate Used: N Rate Explanation: The Town of Pinedale has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance "The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Town of Pinedale, Wyoming and is presented on the modified cash basis of accounting. The information in this 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Town of Dubois, it is not intended to and does not present the financial position, change in net position, or cash flows of the Town of Dubois." The Town of Pinedale has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The loan balance shown above is the current outstanding loan balance. See Note 7 - Notes Payable for more information on the note terms.