Title: Note C - Federal Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Richland-Lexington Airport District, South Carolina (the District) and is presented on the accrual basis of accounting. 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 amounts presented in or used in the preparation of the financial statements. For purposes of the Schedule, federal programs include all federal awards and procurement relationships entered into directly between the District and the federal government. Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District. The financial information shown in the Schedule of Expenditures of Federal Awards reflects amounts recorded by District during its fiscal year January 1, 2022, through December 31, 2022. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District received new forms of federal assistance in 2022 to reimburse certain operating expenditures as described below:The District was awarded and executed an Airport Coronavirus Response Grant Program (ACRGP) grant in the amount of $3,945,677. It is provided in accordance with the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA Act), Division M of Public Law 116-260. Like the 2020 CARES grant, it is a reimbursable grant administered by the Federal Aviation Administration to provide funding for costs related to operations, personnel, cleaning, sanitation, janitorial services, combating the spread of pathogens at the airport, and debt service payments. Also included in the above ACRGP grant is an additional allocation of $137,506 to fund concessionaire relief from the payment of rent and minimum annual guarantee amounts (MAG) to the District. By accepting this grant, the District must provide relief from rent and MAG to in-terminal airport concessions (as defined in 49 CFR part 23). CRSSA requires the District to provide relief on a proportional basis until it has provided relief equaling the total allocation amount for rent and MAG due to the District after December 27, 2020.
Title: Federal Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Richland-Lexington Airport District, South Carolina (the District) and is presented on the accrual basis of accounting. 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 amounts presented in or used in the preparation of the financial statements. For purposes of the Schedule, federal programs include all federal awards and procurement relationships entered into directly between the District and the federal government. Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District. The financial information shown in the Schedule of Expenditures of Federal Awards reflects amounts recorded by District during its fiscal year January 1, 2022, through December 31, 2022. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District received new forms of federal assistance in 2022 to reimburse certain operating expenditures as described below:The District was awarded and executed an Airport Coronavirus Response Grant Program (ACRGP) grant in the amount of $3,945,677. It is provided in accordance with the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA Act), Division M of Public Law 116-260. Like the 2020 CARES grant, it is a reimbursable grant administered by the Federal Aviation Administration to provide funding for costs related to operations, personnel, cleaning, sanitation, janitorial services, combating the spread of pathogens at the airport, and debt service payments. Also included in the above ACRGP grant is an additional allocation of $137,506 to fund concessionaire relief from the payment of rent and minimum annual guarantee amounts (MAG) to the District. By accepting this grant, the District must provide relief from rent and MAG to in-terminal airport concessions (as defined in 49 CFR part 23). CRSSA requires the District to provide relief on a proportional basis until it has provided relief equaling the total allocation amount for rent and MAG due to the District after December 27, 2020. The District was awarded an Airport Rescue Grant in the amount of $7,329,976. It is provided in accordance with the American Rescue Plan Act (ARPA), Public Law 117-2. Like the 2020 CARES and 2021 CRRSA grants, it is a reimbursable grant administered by the Federal Aviation Administration to provide funding for costs related to operations, personnel, cleaning, sanitation, janitorial services, combating the spread of pathogens at the airport, and debt service payments.Also included in the above ARPA grant is an additional allocation of $550,023 to fund concessionaire relief from the payment of rent and minimum annual guarantee amounts (MAG) to the District. By accepting this grant, the District must provide relief from rent and MAG to in-terminal airport concessions (as defined in 49 CFR part 23). CRSSA requires the District to provide relief on a proportional basis until it has provided relief equaling the total allocation amount for rent and MAG due to the District after March 11, 2021.The Districts final settlement of AIP 51 produced a return of ($31,186) to the Federal Aviation Administration. The combination of this return and the total of the Schedule of Federal Finance Assistance of $7,364,554 agrees to the total of the Federal grants (capital and non-capital) presented in the Schedule of Revenue, Expenses, and Changes in Net Position.
Title: Passenger Facility Charge (PFC) Program
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Richland-Lexington Airport District, South Carolina (the District) and is presented on the accrual basis of accounting. 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 amounts presented in or used in the preparation of the financial statements. For purposes of the Schedule, federal programs include all federal awards and procurement relationships entered into directly between the District and the federal government. Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District. The financial information shown in the Schedule of Expenditures of Federal Awards reflects amounts recorded by District during its fiscal year January 1, 2022, through December 31, 2022. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Passenger Facility Charges (PFCs) has been prepared pursuant to the Passenger Facility Charge Audit Guide for Public Agencies issued by the Federal Aviation Administration. Specific provisions of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and related documents such as OMB Compliance Supplement and Data Collection Form are not applicable to the PFC program.The financial activity shown in the Schedule of Passenger Facility Charges (PFCs) and Expenses reflects amounts recorded by the District during its fiscal year January 1, 2022, through December 31, 2022.
Title: Matching Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Richland-Lexington Airport District, South Carolina (the District) and is presented on the accrual basis of accounting. 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 amounts presented in or used in the preparation of the financial statements. For purposes of the Schedule, federal programs include all federal awards and procurement relationships entered into directly between the District and the federal government. Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District. The financial information shown in the Schedule of Expenditures of Federal Awards reflects amounts recorded by District during its fiscal year January 1, 2022, through December 31, 2022. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Matching costs, i.e. the non-federal share of certain program costs, are not included in the accompanying schedule.
Title: Contingencies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Richland-Lexington Airport District, South Carolina (the District) and is presented on the accrual basis of accounting. 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 amounts presented in or used in the preparation of the financial statements. For purposes of the Schedule, federal programs include all federal awards and procurement relationships entered into directly between the District and the federal government. Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District. The financial information shown in the Schedule of Expenditures of Federal Awards reflects amounts recorded by District during its fiscal year January 1, 2022, through December 31, 2022. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District receives funds under various federal grant programs, and such awards are to be expended in accordance with the provisions of the various grants. Compliance with the grants is subject to audit by various government agencies which may impose sanctions in the event of non-compliance. Management believes that they have complied with all aspects of the various grant provisions and the results of adjustments, if any, relating to such audits would not have any material financial impact.