Notes to SEFA
Title: Note 3 - Program Costs
Accounting Policies: Note 1 - Basis of Accounting
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Spokane Transit’s financial statements. Spokane Transit uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Federal De Minimis Indirect Cost Rate
Spokane Transit has not elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year federal expenditures represent only the federal portion of the current year program costs. Entire program costs, including the local portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to the reimbursement.
Title: Note 4 - Preventive Maintenance
Accounting Policies: Note 1 - Basis of Accounting
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Spokane Transit’s financial statements. Spokane Transit uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Federal De Minimis Indirect Cost Rate
Spokane Transit has not elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount reported for this award includes eligible expenditures made in 2023. For this program, it is acceptable to include the current year’s costs on the SEFA because the FTA approves these costs on a retroactive basis. Spokane Transit was given “pre-award authority” for its preventive maintenance expenses. The official grant award was made by the FTA for the 2023 apportionment on September 25, 2023.
Title: Note 5 - FEMA Disaster Assistance
Accounting Policies: Note 1 - Basis of Accounting
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Spokane Transit’s financial statements. Spokane Transit uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Federal De Minimis Indirect Cost Rate
Spokane Transit has not elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount reported for the FEMA disaster awards include eligible expenditures for years’ 2022 and 2023 along with management costs for all projects from 2020 through 2023. Project PA-10-WA-4481-PW-01218 for $102,431 covers expenditures incurred from 7/2/2022-5/11/2023. The amounts incurred were $68,979 in 2022 and $33,452 in 2023. Project PA-10-WA-4481-PW-01295 for $22,785 is the management costs for all projects related to the FEMA disaster 4481-DR-WA with incident period of 1/20/2020-5/11/2023.