Title: Single Audit Reporting Entity
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the expenditures of all federal award programs of the Washington Suburban Sanitary Commission for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 Commission, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Commission.The SEFA has been prepared using the accrual basis of accounting as fully described in the Summary of Significant Accounting Policies accompanying the Commissions basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Washington Suburban Sanitary Commission (the Commission) is a bi-county political subdivision of the State of Maryland, created to provide water supply and sewage disposal services for Montgomery and Prince Georges Counties, Maryland.
Title: Federal Grant/Loan
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the expenditures of all federal award programs of the Washington Suburban Sanitary Commission for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 Commission, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Commission.The SEFA has been prepared using the accrual basis of accounting as fully described in the Summary of Significant Accounting Policies accompanying the Commissions basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
On April 23, 2021 WSSC received approval for a loan of $85,001,527 from the Maryland Water Quality Financing Administration (the Administration) at an interest rate of 0.40% per annum. Principal loan repayment will begin February 1, 2024. The purpose of the loan is to fund a portion of the costs to design and construct bio-energy facilities at the existing site of the WSSC Piscataway Wastewater Treatment Plant. As of June 30, 2022, WSSC had spent $85,001,527 towards the project.On November 25, 2020, WSSC received an approval for a loan of $150,174,502 from Maryland Water Quality Financing Administration at an interest rate of .40% per annum. Principal loan repayment will begin on February 1, 2023. The purpose of the loan is for construction for the comprehensive rehabilitation and replacement of sewer mains and manholes across the sanitary district. As of June 30, 2022, WSSC had spent $22,953,696 towards the project.On June 13, 2019, WSSC received an approval for a loan of $43,959,973 from Maryland Water Quality Financing Administration (the administration) at an interest rate of .70% per annum. Principal loan repayment began on February 1, 2021. The purpose of the loan is for a construction project at the WSSC Piscataway Wastewater Treatment Plant for Bio Energy equipment and systems. As of June 30, 2022, WSSC had spent $39,700,066 towards the project. On April 14, 2016, WSSC received an approval for a loan of $53,823,568 from Maryland Water Quality Financing Administration (the administration) at an interest rate of 1.40% per annum. Interest payment is paid semiannually and commenced on August 1, 2016. Principal loan repayment began on February 1, 2019. The purpose of the loan was for two construction projects at DC Water Blue Plains Wastewater Treatment Plant. The first project is a Tunnel Dewatering Pump Station at a cost of $7,124,995 and the second project is an Enhanced Clarification Facility at a cost of $46,698,573. As of June 30, 2022, WSSC had spent $53,823,568 towards the project.
Title: Reconciliation to Basic Financial Statements
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the expenditures of all federal award programs of the Washington Suburban Sanitary Commission for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 Commission, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Commission.The SEFA has been prepared using the accrual basis of accounting as fully described in the Summary of Significant Accounting Policies accompanying the Commissions basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The total expenditures in the Schedule of Expenditures of Federal Awards are included as bonds and notes payables in the Commissions Balance Sheets or capital grant contributions in the Commissions Statement of Revenues, Expenses, and Changes in Net Position for the year ended June 30, 2022.