Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
The accompanying Schedule of Expenditures of Federal Awards ( the Schedule) includes the federal grant
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
award activity of City of Bessemer, Alabama (the Government) under programs of the federal government for the
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
year ended September 30, 2022. The accompanying notes are an integral part o f this schedule.
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
The information on this Schedule is prepared in accordance with the requirements of Title 2 U.S. Code of
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
Government, it is not intended to and does not present the financial position, changes in net position, or cash flows of the
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
Government.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200,
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
to reimbursement. The Government has elected not to use the 10 - percent de minimis indirect cost rate
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
as allowable under the Uniform Guidance.
Title: NOTE 3 - MATCHING REQUIREMENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
Certain Federal programs require the Government to contribute nonfederal funds (matching funds) to support
Title: NOTE 3 - MATCHING REQUIREMENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
the federally-funded programs. The Government has met its matching requirements. The Schedule does not
Title: NOTE 3 - MATCHING REQUIREMENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The City has no signfiant indirect cost applicable to any grant award
include the expenditures of nonfederal matching funds.