Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. There are no indirect costs included in grant expenditures on the accompanying Schedule for the year ended June 30, 2022.
Of the federal expenditures presented in the Schedule, the Authority did not provide any federal awards to subrecipients for the year ended June 30, 2022.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. There are no indirect costs included in grant expenditures on the accompanying Schedule for the year ended June 30, 2022.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of federal financial assistance programs of the Burbank-Glendale-Pasadena Airport Authority (Authority), which owns and operates the Bob Hope Airport, commonly known as Hollywood Burbank Airport (Airport), for the year ended June 30, 2022. The Schedule includes federal awards received directly from federal agencies. There were no federal awards passed through other agencies for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation 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 Authority, it is not intended to, and does not present the financial position, changes in financial position or cash flows of the Authority. The Authoritys reporting entity is defined in note 1 to the Authoritys basic financial statements.
Title: U.S Department of Justice - Federal Equitable Sharing Program
Accounting Policies: Expenditures reported on the Schedule are presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. There are no indirect costs included in grant expenditures on the accompanying Schedule for the year ended June 30, 2022.
During fiscal year 2022, the Authority continued to participate in the Federal Equitable Sharing Program. There were no expenditures reported for the year ended June 30, 2022, and there are unspent funds totaling $10,302 at June 30, 2022.
Title: U.S. Dept. of Transportation - Federal Aviation Administration - AIP Grants
Accounting Policies: Expenditures reported on the Schedule are presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. There are no indirect costs included in grant expenditures on the accompanying Schedule for the year ended June 30, 2022.
The Authority has entered into agreements with the Federal Aviation Administration (FAA) to provide funding assistance for the following open projects as of June 30, 2022: Environmental Impact Statement (EIS) study for a 14-gate replacement passenger terminal and associated enabling projects (Project No. 3-06-0031-63) in the total amount of $2,417,700;Rehabilitation of Delta Ramp (Project No. 3-06-0031-66) in the total amount of $2,167,160;Acquisition of an Aircraft Rescue & Fire Fighting Vehicle (Project No. 3-06-0031-67) in the total amount of $758,166;Rehabilitation of Taxiway D7 and Taxiway G shoulder and in-field (Project No. 3-06-0031-69) in the total amount of $987,507; and Acquisition of the Hollyona Property for land approaches (Project No. 3-06-0031-70) in the total amount of $1,892,793.The Coronavirus Aid, Relief, and Economic Security (CARES) Act. On March 27, 2020, the CARES Act was signed into law, which included $10 billion in funds to be awarded as economic relief to eligible U.S. airports that were adversely affected by the COVID-19 pandemic. As a result, the Authority was awarded $21,081,611 in CARES Act grant funds, which was fully expended in FY 2021 to supplement the loss in revenues resulting from the negative impacts of the COVID-19 pandemic on air travel demand and to cover eligible costs such as bond debt service and personnel costs. The CARES Act grant was awarded to the Authority through the FAA Airport Improvement Program under Project No. 3-06-0031-68. The Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA). On December 27, 2020, the CRRSAA was signed into law, which included $2 billion in fundsto be awarded as economic relief to eligible U.S. airports that were adversely affected by the COVID-19 pandemic. The Authority was awarded $7,038,348 in CRRSAA grant funds to support costs related to operations, personnel, cleaning, sanitization, janitorial services, combating the spread of pathogens at the Airport, and debt service payments. During FY 2022, the full award amount was expended for debt service and eligible personnel costs. Also, the Authority was awarded an additional $640,106 in CRRSAA concessions relief addendum grant funds to provide rent and minimum annual guarantees relief to eligible airport concessions, of which none was expended during FY 2022. The CRRSAA grants were awarded to the Authority through the FAA Airport Improvement Program under Project Nos. 3-06-0031-71 and 3-06- 0031-72, respectively. The American Rescue Plan Act (ARPA). On March 11, 2021, the ARPA was signed into law, which included $8 billion in funds to be awarded as economic assistance to eligible U.S. airports in response to the COVID-19 pandemic. The Authority was awarded $20,749,123 in ARPA grant funds to support similar eligible costs for the CARES and CRRSAA grant funds. During FY 2022, $7,829,131 was expended for debt service and eligible personnel costs. The Authority was also awarded an additional $2,560,424 in ARPA concessions relief addendum grant funds to provide rent and minimum annual guarantees relief to eligible airport concessions, of which none was expended during FY 2022. The ARPA grants were awarded to the Authority through the FAA AirportImprovement Program under Project No. 3-06-0031-073 and 3-06-0031-074, respectively.
Title: Relationship to Federal Financial Reports
Accounting Policies: Expenditures reported on the Schedule are presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. There are no indirect costs included in grant expenditures on the accompanying Schedule for the year ended June 30, 2022.
Amounts reported in the accompanying Schedule agree with the amounts reported in the related federal financial reports filed by the Authority.