Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Robert Morris University (the “University”) 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The University does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Robert Morris University (the “University”) 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Robert Morris University (the “University”) 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The University does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance
The University does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance
Title: Federal Perkins Loan Program
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Robert Morris University (the “University”) 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The University does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance
The University has historically administered the following federal loan program. Historically, the University accounted for such loan programs in separate revolving loan funds. As such, the balances and transactions of these loan programs are recorded in the University’s financial statements. The amounts on the Schedule for these loan programs include expenditures for the administrative costs of the respective programs. Federal Perkins Loan Program- Federal ALN 84.038, Loans Made in Current Year= $0, Outstanding Balance at 5/31/24 = $250,528
Title: Department of Homeland Security-Passthrough Pennsylvania Emergency Management Agency
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Robert Morris University (the “University”) 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The University does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance
For the awards from the Department of Homeland Security (DHS) related to the Federal Emergency Management Agency (FEMA) program which was passed through the Pennsylvania Emergency Management Agency (PEMA), DHS has indicated the amounts on the Schedule be reported on the Schedule when 1) FEMA has approved the project and 2) the eligible expenditures have been incurred. As such, the Schedule includes $1,183,059 of eligible expenditures incurred in a prior period.