Title: NOTE A- BASIS OF PRESENTATION
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 Uniform Guidance or OMB Circular A-87, Cost Principles for State and Local
Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity
identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minim us indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the
Cumberland Valley Area Development District (District) and is presented on the accrual basis of accounting. The information
in this 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
basic financial statements. Because this 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.
Title: NOTE B- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 Uniform Guidance or OMB Circular A-87, Cost Principles for State and Local
Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity
identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minim us indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized
following the cost principles contained in Uniform Guidance or OMB Circular A-87, Cost Principles for State and Local
Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity
identifying numbers are presented where available.
Title: NOTE C-CLUSTER PROGRAMS
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 Uniform Guidance or OMB Circular A-87, Cost Principles for State and Local
Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity
identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minim us indirect cost rate as allowed under the Uniform Guidance.
The following ALN are considered cluster programs:
Economic Development Cluster
Investments for Public Works and Economic Development Facilities
Economic Adjustment Assistance
Highway Safety Cluster
State and Community Highway Safety
Alcohol Impaired Driving Countermeasures Incentive Grants I
Occupant Protection Incentive Grants
Safety Belt Performance Grants
State Traffic Safety Information System Improvements Grants
Incentive Grant Program to Prohibit Racial Profiling
Incentive Grant Program to Increase Motorcyclist Safety
Child Safety and Child Booster Seat Incentive Grants
National Priority Safety Programs
Highway Planning and Construction Cluster
Highway Planning and Construction
Recreational Trails Program
Federal Lands Access Program
Appalachian Development Highway System
WIOA Cluster
WIOA Adutt Program
WIOA Youth Activities
WIOA Dislocated Worker Formula Grants
Aging Cluster
Special Programs for the Aging- Title Ill, Part B- Grants for
Supportive Services and Senior Citizens
Special Programs for the Aging- Title Ill, Part C- Nutrition Services
Nutrition Services Incentive Program
CDBG- Entitlement Grants Cluster
Community Development Block Grants/Entitlement Grants
Community Development Block Grants/Special Purpose
Grants/Insular Areas
11 .300
11 .307
20.600
20.601
20.602
20.609
20.610
20.611
20.612
20.613
20.616
20.205
20.219
20.224
23.003
17.258
17.259
17.278
93.044
93.045
93.053
14.218
14.219
Title: NOTE D -INDIRECT COST RATE
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 Uniform Guidance or OMB Circular A-87, Cost Principles for State and Local
Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity
identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minim us indirect cost rate as allowed under the Uniform Guidance.
The District has elected not to use the 10% de minim us indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE E - LOANS
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 Uniform Guidance or OMB Circular A-87, Cost Principles for State and Local
Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity
identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minim us indirect cost rate as allowed under the Uniform Guidance.
The Accounting Standards require disclosure of the calculation of the Revolving Loan Fund's federal expenditures as shown
in the accompanying Schedule of Expenditures of Federal Awards. The RLF calculation for June 30, 2024, is as follows:
Cash and Investments
Administrative Expenses
Other
Federal Participation Rate
Federal Share of the RLF
-49-
1 ,449,198
17,132
1,466,330
70%
$ 1,026,432