Title: 1. BASIS OF PRESENTATION
Accounting Policies: SEE NOTES
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Superintendence of Capitol Building under programs of the federal government for the year ended June 30, 2023. The information in this 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 the amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the Superintendence of Capitol Building, it is not intended to and does not present the financial position and changes in net assets of the Superintendence of Capitol Building. The Assistance Listing Number (ALN), formerly known as the Catalog of Federal Domestic Assistance (CFDA) Number, is a five-digit number assigned in the awarding document for all federal assistance award mechanisms, including federal grants and cooperative agreements. Assistance listings are detailed public descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of assistance awards. The Sam.gov assistance listing is the publicly available online database showing all available Federally funded programs. State or local government redistributions of federal awards to the Superintendence of Capitol Building, known as “pass–through awards”, should be treated by the Superintendence of Capitol Building as though they were received directly from the federal government. The Uniform Guidance requires the schedule to include the name of the pass–through entity and the identifying number assigned by the pass–through entity for the federal awards received as a sub recipient. Numbers identified as N/A are not applicable and numbers identified as N/AV are not available.
Title: 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: SEE NOTES
De Minimis Rate Used: N
Rate Explanation: N/A
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Expenditures are recognized when the related liability is incurred, following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: 3. INDIRECT COSTS
Accounting Policies: SEE NOTES
De Minimis Rate Used: N
Rate Explanation: N/A
The Superintendence of Capitol Building elected not to use the 10% de minimis cost rate and did not charge indirect cost to federal grants during the year ended June 30, 2023.
Title: 4. RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: SEE NOTES
De Minimis Rate Used: N
Rate Explanation: N/A
ounts reported in the accompanying Schedule are included in the General Fund, Capital Project, ARPA Fund and the COVID-19 Coronavirus Relief Fund (CRF) in the Superintendence of Capitol Building’s fund financial statements. The reconciliation between the expenditures in the fund’s financial statements and expenditures in the Schedule of Expenditures of Federal Awards is as follows:
Title: 5. CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS (ASSISTANCE LISTING NO. 21.027)
Accounting Policies: SEE NOTES
De Minimis Rate Used: N
Rate Explanation: N/A
On March 11, 2021, was signed into Law the American Rescue Plan Act (ARPA) of 2021, the latest COVID 19 stimulus package. Within ARPA, the Coronavirus State and Local Fiscal Recovery Fund provides $350 billion for states, municipalities, counties, tribes, and territories, including $130.2 billion for local governments split evenly between municipalities and counties. Accordingly, the Superintendence of Capitol Building received a grant under Counties and Non-Entitlements categories to respond to the COVID-19 public health emergency and its economic impacts. Also, the Superintendence of Capitol Building received $2,583,494 from the assigned fund from AFAFF. The Superintendence of Capitol Building will incur ARPA grant expenditures in the following fiscal years.