FAC Explorer

Audit 8414

FY End
2023-06-30
Total Expended
$934,689
Findings
0
Programs
8
Organization: City of Hancock (MI)
Year: 2023 Accepted: 2023-12-26
Auditor: Rukkila Negro and Associates CPAS PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
11.307 Economic Adjustment Assistance $462,828 Yes 0
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $139,746 - 0
20.509 Formula Grants for Rural Areas and Tribal Transit Program $105,766 - 0
11.419 Coastal Zone Management Administration Awards $68,473 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $52,474 - 0
10.766 Community Facilities Loans and Grants $50,000 - 0
20.205 Highway Planning and Construction $27,500 - 0
90.404 2018 Hava Election Security Grants $2,802 - 0

Contacts

Name Title Type
N8VDLCBCXTW3 Linda Kalinec Auditee
9064822720 Christina Smigowski Auditor
No contacts on file

Notes to SEFA

Title: OVERSIGHT AGENCY Accounting Policies: Accrual Basis of accounting De Minimis Rate Used: Y Rate Explanation: The City of Hancock did not negotiate a rate different from the 10% de minimis cost rate. The U.S. Department of Commerce is the current year's oversigh agency for the single audit as determined by the agency providing the largest share of the City's expenditures of federal awards.
Title: BASIS OF ACCOUNTING Accounting Policies: Accrual Basis of accounting De Minimis Rate Used: Y Rate Explanation: The City of Hancock did not negotiate a rate different from the 10% de minimis cost rate. Expenditures reported in the schedule are reported on the accrual basis of accounting.
Title: INDIRECT COSTS Accounting Policies: Accrual Basis of accounting De Minimis Rate Used: Y Rate Explanation: The City of Hancock did not negotiate a rate different from the 10% de minimis cost rate. The City has elected to use the 10 percent de minimis indirect cost rate to recover indirect costs as permitted by CFR Section 200.414 of the Uniform Guidance.
Title: PASS-THROUGH GRANT MONIES Accounting Policies: Accrual Basis of accounting De Minimis Rate Used: Y Rate Explanation: The City of Hancock did not negotiate a rate different from the 10% de minimis cost rate. During the fiscal year ending June 30, 2023, the City did not pass through any awards to subrecipients.
Title: FEDERAL AWARDS FINANCIAL STATEMENT RECONCILIATION Accounting Policies: Accrual Basis of accounting De Minimis Rate Used: Y Rate Explanation: The City of Hancock did not negotiate a rate different from the 10% de minimis cost rate. Includes detail of reconciliation of federal awards to financial statements.