Title: SCOPE OF AUDIT PURSUANT TO UNIFORM GUIDANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of The Alliance for the Chesapeake Bay, Inc. under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Organization, it is not intended to and does not present the statement of financial position, changes in net assets, or cash flows of the Organization. Various grant procedures are used for federal awards received by the Organization. Consequently, timing differences between expenditures and grant receipts can exist at the beginning and end of the operating period. Accrued balances at year-end represent an excess of reimbursable expenditures over cash receipts to date. Deferred balances at year-end represent excess receipts over reimbursable expenditures to date. Generally, accrued or deferred balances caused by differences in the timing of cash receipts and expenditures will be reversed in the remaining grant period of the subsequent operating fiscal year.
De Minimis Rate Used: N
Rate Explanation: During fiscal year 2023, The Organization elected not to use the 10% de minimus cost rate as covered in the 2 CFR § 200.414 Indirect (Facilities & Administration) costs. Negotiated federal indirect cost rates were used in 2023.
All federal awards expended by The Alliance for the Chesapeake Bay, Inc. (Organization) were included in the scope of the Uniform Guidance. The Single Audit was conducted in accordance with the provisions of the OMB’s Compliance Supplement. The Single Audit fulfills all the federal agencies’ audit requirements, which include financial compliance and the adequacy of internal control. Compliance testing was performed for major federal award programs, which covers approximately 82% of total federal awards program expenditures. The major federal award program was: U.S. Environmental Protection Agency, Region III, CFDA Number 66.466, and U.S. Department of the Treasury, CFDA 21.027, with total expenditures of $8,059,229.
Title: OPERATING PERIOD AUDITED
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of The Alliance for the Chesapeake Bay, Inc. under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Organization, it is not intended to and does not present the statement of financial position, changes in net assets, or cash flows of the Organization. Various grant procedures are used for federal awards received by the Organization. Consequently, timing differences between expenditures and grant receipts can exist at the beginning and end of the operating period. Accrued balances at year-end represent an excess of reimbursable expenditures over cash receipts to date. Deferred balances at year-end represent excess receipts over reimbursable expenditures to date. Generally, accrued or deferred balances caused by differences in the timing of cash receipts and expenditures will be reversed in the remaining grant period of the subsequent operating fiscal year.
De Minimis Rate Used: N
Rate Explanation: During fiscal year 2023, The Organization elected not to use the 10% de minimus cost rate as covered in the 2 CFR § 200.414 Indirect (Facilities & Administration) costs. Negotiated federal indirect cost rates were used in 2023.
Uniform Guidance testing procedures were performed for program transactions occurring during the operating year ended December 31, 2023.
Title: RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of The Alliance for the Chesapeake Bay, Inc. under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Organization, it is not intended to and does not present the statement of financial position, changes in net assets, or cash flows of the Organization. Various grant procedures are used for federal awards received by the Organization. Consequently, timing differences between expenditures and grant receipts can exist at the beginning and end of the operating period. Accrued balances at year-end represent an excess of reimbursable expenditures over cash receipts to date. Deferred balances at year-end represent excess receipts over reimbursable expenditures to date. Generally, accrued or deferred balances caused by differences in the timing of cash receipts and expenditures will be reversed in the remaining grant period of the subsequent operating fiscal year.
De Minimis Rate Used: N
Rate Explanation: During fiscal year 2023, The Organization elected not to use the 10% de minimus cost rate as covered in the 2 CFR § 200.414 Indirect (Facilities & Administration) costs. Negotiated federal indirect cost rates were used in 2023.
All Federal grant expenditures were for the Organization’s operational purposes and are recognized in the Statement of Activities. The following summary represents the reconciliation of the statement of activities to the Schedule of Expenditures of Federal Awards:
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of The Alliance for the Chesapeake Bay, Inc. under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Organization, it is not intended to and does not present the statement of financial position, changes in net assets, or cash flows of the Organization. Various grant procedures are used for federal awards received by the Organization. Consequently, timing differences between expenditures and grant receipts can exist at the beginning and end of the operating period. Accrued balances at year-end represent an excess of reimbursable expenditures over cash receipts to date. Deferred balances at year-end represent excess receipts over reimbursable expenditures to date. Generally, accrued or deferred balances caused by differences in the timing of cash receipts and expenditures will be reversed in the remaining grant period of the subsequent operating fiscal year.
De Minimis Rate Used: N
Rate Explanation: During fiscal year 2023, The Organization elected not to use the 10% de minimus cost rate as covered in the 2 CFR § 200.414 Indirect (Facilities & Administration) costs. Negotiated federal indirect cost rates were used in 2023.
Of the federal expenditures presented in this Schedule, the Organization provided federal awards to subrecipients as follows: