Title: BASIS OF PRESENTATION
Accounting Policies: All Federal grant operations of the Washington Suburban Sanitary Commission (the
Commission) are included in the scope of the Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (the Single Audit or Uniform Guidance). The Single
Audit was performed in accordance with the provisions of the Office of Management and
Budget (OMB) Compliance Supplement (the Compliance Supplement). Compliance testing
of all requirements, as described in the Compliance Supplement, was performed for the
major Federal grant program noted below. The program on the accompanying schedule of
expenditures of Federal awards (the Schedule) represent all Federal award programs and
other grants with fiscal year 2024 or non-cash expenditure activities. For Single Audit
testing, the Federal award program with 2024 cash and non-cash expenditures were tested to
ensure coverage of at least 20% of Federally granted funds. Actual coverage was 100%.
Identification of major program:
Major Program
Federal
Assistance
Listing Number
Federal
Expenditures
Capitalization Grants for Clean Water-State Revolving Loan Fund
Sewer Basin Reconstruction Program #1 66.658 $ 5,200,323
Expenditures reported on the Schedule are recognized following the cost principles contained
in the Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. The Commission has elected not to use the 10 percent de
minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Commission has elected not to use the 10 percent de
minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule includes the activity of the Commission’s Federal financial award program and
is presented on the accrual basis of accounting. The information in this schedule is presented
in accordance with requirements of the Compliance Supplement. Therefore, some amounts
presented in the schedule may differ from amounts presented in, or used in the preparation
of, the basic financial statements (See Note 4).
Title: FEDERAL GRANT/LOAN
Accounting Policies: All Federal grant operations of the Washington Suburban Sanitary Commission (the
Commission) are included in the scope of the Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (the Single Audit or Uniform Guidance). The Single
Audit was performed in accordance with the provisions of the Office of Management and
Budget (OMB) Compliance Supplement (the Compliance Supplement). Compliance testing
of all requirements, as described in the Compliance Supplement, was performed for the
major Federal grant program noted below. The program on the accompanying schedule of
expenditures of Federal awards (the Schedule) represent all Federal award programs and
other grants with fiscal year 2024 or non-cash expenditure activities. For Single Audit
testing, the Federal award program with 2024 cash and non-cash expenditures were tested to
ensure coverage of at least 20% of Federally granted funds. Actual coverage was 100%.
Identification of major program:
Major Program
Federal
Assistance
Listing Number
Federal
Expenditures
Capitalization Grants for Clean Water-State Revolving Loan Fund
Sewer Basin Reconstruction Program #1 66.658 $ 5,200,323
Expenditures reported on the Schedule are recognized following the cost principles contained
in the Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. The Commission has elected not to use the 10 percent de
minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Commission has elected not to use the 10 percent de
minimis indirect cost rate allowed under the Uniform Guidance.
On May 26, 2023, the Commission received an approval from the Maryland Water Quality
Financing Administration (the Administration) for a loan of $25,000,000 in total, of which
$2,500,000 was forgiven as of June 30, 2024. This leaves a loan balance of $22,500,0000 at
an interest rate of 0.80% per annum. Principal loan repayment will begin on February 1,
2025. The purpose of the loan was for a construction project at the Commission’s Piscataway
Wastewater Treatment Plant for BioEnergy equipment and systems. As of June 30, 2024, the
Commission had spent $22,500,000 towards the project.
On November 25, 2020, the Commission received an approval for a loan of $150,174,502
from the Administration at an interest rate of 0.40% per annum. Principal loan repayment
began on February 1, 2023. The purpose of the loan was for construction for the
comprehensive rehabilitation and replacement of sewer mains and manholes across the
sanitary district. As of June 30, 2024, the Commission had spent $57,380,241 towards the
project.
On April 14, 2016, the Commission received an approval for a loan of $53,823,568 from the
Administration at an interest rate of 1.40% per annum. Interest payment is paid semiannually
and commenced on August 1, 2016. Principal loan repayment began on February 1, 2019.
The purpose of the loan was for two construction projects at DC Water Blue Plains
Wastewater Treatment Plant. The first project was a Tunnel Dewatering Pump Station at a
cost of $7,124,995 and the second project was an Enhanced Clarification Facility at a cost of
$46,698,573. As of June 30, 2024, the Commission had spent $53,823,568 towards the
project.
Title: RECONCILIATION TO BASIC FINANCIAL STATEMENTS
Accounting Policies: All Federal grant operations of the Washington Suburban Sanitary Commission (the
Commission) are included in the scope of the Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (the Single Audit or Uniform Guidance). The Single
Audit was performed in accordance with the provisions of the Office of Management and
Budget (OMB) Compliance Supplement (the Compliance Supplement). Compliance testing
of all requirements, as described in the Compliance Supplement, was performed for the
major Federal grant program noted below. The program on the accompanying schedule of
expenditures of Federal awards (the Schedule) represent all Federal award programs and
other grants with fiscal year 2024 or non-cash expenditure activities. For Single Audit
testing, the Federal award program with 2024 cash and non-cash expenditures were tested to
ensure coverage of at least 20% of Federally granted funds. Actual coverage was 100%.
Identification of major program:
Major Program
Federal
Assistance
Listing Number
Federal
Expenditures
Capitalization Grants for Clean Water-State Revolving Loan Fund
Sewer Basin Reconstruction Program #1 66.658 $ 5,200,323
Expenditures reported on the Schedule are recognized following the cost principles contained
in the Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. The Commission has elected not to use the 10 percent de
minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Commission has elected not to use the 10 percent de
minimis indirect cost rate allowed under the Uniform Guidance.
The total expenditures in the Schedule are included as Bonds and notes payable in the
Commission’s Balance Sheets and Capital Grant Contributions in the Commission’s
Statement of Revenues, Expenses and Changes in Net Position for the year ended June 30,
2024.