Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
federal award activity of the City of Sulphur, Louisiana (the City) under programs of the
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
federal government for the year ended June 30, 2023. The information in this schedule is
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
Part 200, Uniform Administrative Requirements, Cost Principles, and audit Requirements
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
portion of the operations of the City, it is not intended to and does not present the financial
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
position, changes in net position, or cash flows of the City.
Title: SUMMARY OF ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Title: SUMMARY OF ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
Such expenditures are recognized following the cost principles contained in the Uniform
Title: SUMMARY OF ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
Guidance, wherein certain types of expenditures are not allowable or are limited as to
Title: SUMMARY OF ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
reimbursement.
Title: INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use de minimis cost rate
The City has elected not use the 10 percent de minims indirect cost rate as allowed under the Uniform guidance