Title: A. REPORTING ENTITY
Accounting Policies: The Schedule of Expenditures of Federal Awards (the "Schedule") of the Commission is presented on the accrual basis of accounting and, as is required, presents expenditures of Federal Awards exclusive of local matching funds. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this Schedule may differ from certain financial reports submitted to governmental or other funding agencies, due to those financial reports being submitted on a cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: The Pennsylvania Department of Transportation (“PennDOT”) is the designated federal cognizant agency responsible for reviewing and approving Indirect Cost Allocation Plans (ICAPs)/Indirect Cost Rate Proposals (ICRPs) for the Delaware Valley Regional Planning Commission, and in accordance with the provisions of 2 CFR Part 200 Uniform Guidance. The Delaware Valley Regional Planning Commission (DVRPC) submitted its FY 2020-2021 Indirect Cost Allocation Plan (ICAP) to PennDOT for review and approval. The ICAP submission proposed Fixed Indirect Cost Rates with Carry Forward based on FY2020-2021 DVRPC-approved budgets. On January 10, 2020, DVRPC received the approvals from PennDOT with Fixed Rates Carry Forward for fringe and indirect costs. The approved fringe rate is 102.2% and the indirect rate is 46.5% for the effective period of July 1, 2021, and remains in effect until DVRPC develops and submits another ICRP, but not longer than permitted under Office of Management and Budget’s (OMB) 2 Code of Federal Regulations (CFR) Part 200.
The Delaware Valley Regional Planning Commission (the "Commission") is an interstate, publicly constituted agency. In 1967, the Commission achieved full legal status by virtue of an interstate compact approved by the Legislatures of Pennsylvania and New Jersey. The Commission is not included as part of any other entity's financial report.
Title: B. BASIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal Awards (the "Schedule") of the Commission is presented on the accrual basis of accounting and, as is required, presents expenditures of Federal Awards exclusive of local matching funds. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this Schedule may differ from certain financial reports submitted to governmental or other funding agencies, due to those financial reports being submitted on a cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: The Pennsylvania Department of Transportation (“PennDOT”) is the designated federal cognizant agency responsible for reviewing and approving Indirect Cost Allocation Plans (ICAPs)/Indirect Cost Rate Proposals (ICRPs) for the Delaware Valley Regional Planning Commission, and in accordance with the provisions of 2 CFR Part 200 Uniform Guidance. The Delaware Valley Regional Planning Commission (DVRPC) submitted its FY 2020-2021 Indirect Cost Allocation Plan (ICAP) to PennDOT for review and approval. The ICAP submission proposed Fixed Indirect Cost Rates with Carry Forward based on FY2020-2021 DVRPC-approved budgets. On January 10, 2020, DVRPC received the approvals from PennDOT with Fixed Rates Carry Forward for fringe and indirect costs. The approved fringe rate is 102.2% and the indirect rate is 46.5% for the effective period of July 1, 2021, and remains in effect until DVRPC develops and submits another ICRP, but not longer than permitted under Office of Management and Budget’s (OMB) 2 Code of Federal Regulations (CFR) Part 200.
The Schedule of Expenditures of Federal Awards (the "Schedule") of the Commission is presented on the accrual basis of accounting and, as is required, presents expenditures of Federal Awards exclusive of local matching funds. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this Schedule may differ from certain financial reports submitted to governmental or other funding agencies, due to those financial reports being submitted on a cash basis of accounting.
Title: C. INDIRECT COST RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards (the "Schedule") of the Commission is presented on the accrual basis of accounting and, as is required, presents expenditures of Federal Awards exclusive of local matching funds. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this Schedule may differ from certain financial reports submitted to governmental or other funding agencies, due to those financial reports being submitted on a cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: The Pennsylvania Department of Transportation (“PennDOT”) is the designated federal cognizant agency responsible for reviewing and approving Indirect Cost Allocation Plans (ICAPs)/Indirect Cost Rate Proposals (ICRPs) for the Delaware Valley Regional Planning Commission, and in accordance with the provisions of 2 CFR Part 200 Uniform Guidance. The Delaware Valley Regional Planning Commission (DVRPC) submitted its FY 2020-2021 Indirect Cost Allocation Plan (ICAP) to PennDOT for review and approval. The ICAP submission proposed Fixed Indirect Cost Rates with Carry Forward based on FY2020-2021 DVRPC-approved budgets. On January 10, 2020, DVRPC received the approvals from PennDOT with Fixed Rates Carry Forward for fringe and indirect costs. The approved fringe rate is 102.2% and the indirect rate is 46.5% for the effective period of July 1, 2021, and remains in effect until DVRPC develops and submits another ICRP, but not longer than permitted under Office of Management and Budget’s (OMB) 2 Code of Federal Regulations (CFR) Part 200.
The Pennsylvania Department of Transportation (“PennDOT”) is the designated federal cognizant agency responsible for reviewing and approving Indirect Cost Allocation Plans (ICAPs)/Indirect Cost Rate Proposals (ICRPs) for the Delaware Valley Regional Planning Commission, and in accordance with the provisions of 2 CFR Part 200 Uniform Guidance. The Delaware Valley Regional Planning Commission (DVRPC) submitted its FY 2020-2021 Indirect Cost Allocation Plan (ICAP) to PennDOT for review and approval. The ICAP submission proposed Fixed Indirect Cost Rates with Carry Forward based on FY2020-2021 DVRPC-approved budgets. On January 10, 2020, DVRPC received the approvals from PennDOT with Fixed Rates Carry Forward for fringe and indirect costs. The approved fringe rate is 102.2% and the indirect rate is 46.5% for the effective period of July 1, 2021, and remains in effect until DVRPC develops and submits another ICRP, but not longer than permitted under Office of Management and Budget’s (OMB) 2 Code of Federal Regulations (CFR) Part 200.
Title: D. SUBRECIPIENTS
Accounting Policies: The Schedule of Expenditures of Federal Awards (the "Schedule") of the Commission is presented on the accrual basis of accounting and, as is required, presents expenditures of Federal Awards exclusive of local matching funds. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this Schedule may differ from certain financial reports submitted to governmental or other funding agencies, due to those financial reports being submitted on a cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: The Pennsylvania Department of Transportation (“PennDOT”) is the designated federal cognizant agency responsible for reviewing and approving Indirect Cost Allocation Plans (ICAPs)/Indirect Cost Rate Proposals (ICRPs) for the Delaware Valley Regional Planning Commission, and in accordance with the provisions of 2 CFR Part 200 Uniform Guidance. The Delaware Valley Regional Planning Commission (DVRPC) submitted its FY 2020-2021 Indirect Cost Allocation Plan (ICAP) to PennDOT for review and approval. The ICAP submission proposed Fixed Indirect Cost Rates with Carry Forward based on FY2020-2021 DVRPC-approved budgets. On January 10, 2020, DVRPC received the approvals from PennDOT with Fixed Rates Carry Forward for fringe and indirect costs. The approved fringe rate is 102.2% and the indirect rate is 46.5% for the effective period of July 1, 2021, and remains in effect until DVRPC develops and submits another ICRP, but not longer than permitted under Office of Management and Budget’s (OMB) 2 Code of Federal Regulations (CFR) Part 200.
Of the expenditures presented in the Schedule of Expenditures of Federal Awards, the following subrecipients reported federal expenditures in the amounts shown below