Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures 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. Expenditures represent only the federally funded portions of the programs. The Alliances records should be consulted to determine the amounts expended or matched from non-federal sources, if any. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Alliance has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Instead, an indirect cost rate of 26% of applied salaries and benefits was used, limited by funder requirements. The Alliances indirect rates are submitted to the Pennsylvania Department of Transportation for approval.
APPALACHIAN AREA DEVELOPMENT (23.002) - Balances outstanding at the end of the audit period were 88312. APPALACHIAN AREA DEVELOPMENT (23.002) - Balances outstanding at the end of the audit period were 343096. APPALACHIAN AREA DEVELOPMENT (23.002) - Balances outstanding at the end of the audit period were 1074297. APPALACHIAN AREA DEVELOPMENT (23.002) - Balances outstanding at the end of the audit period were 130897. APPALACHIAN AREA DEVELOPMENT (23.002) - Balances outstanding at the end of the audit period were 179112. ECONOMIC ADJUSTMENT ASSISTANCE (11.307) - Balances outstanding at the end of the audit period were 4159487. ECONOMIC ADJUSTMENT ASSISTANCE (11.307) - Balances outstanding at the end of the audit period were 1787578. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 589596. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 47522. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 537336. INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 260290.
Title: EDA Revolving Loan Funds
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures 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. Expenditures represent only the federally funded portions of the programs. The Alliances records should be consulted to determine the amounts expended or matched from non-federal sources, if any. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Alliance has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Instead, an indirect cost rate of 26% of applied salaries and benefits was used, limited by funder requirements. The Alliances indirect rates are submitted to the Pennsylvania Department of Transportation for approval.
The Alliance administers one revolving loan fund (CFDA No. 11.307) funded by the U.S. Department of Commerce. At June 30, 2022, the Federal Awards Expended under each program was calculated as follows:CARES Act Loan ProgramOriginal federal grant $1,980,000 Total amount loaned with local match 1,980,000 Federal share of RLF100%Balance of RLF loans outstanding at 06/30/2022 1,787,578 Cash and investment balance in RLF at 06/30/2022 209,802 Administrative expenses paid out of RLF income during the fiscal year ended 06/30/2022 2,000 1,999,380 Multiplied by: Federal share of RLF100% $1,999,380