Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported are based upon an accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Negotiated rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Central New York Regional Planning and Development Agency under programs of the federal
government for the year ended December 31, 2020. 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 (Uniform
Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in,
or used in the preparation of, the financial statements. CFDA numbers and pass-through numbers are
provided, when available.
Title: Summary of Significan Accounting Policies
Accounting Policies: Expenditures reported are based upon an accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Negotiated rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. The Schedule
presents the activity of all federal awards administered by Central New York Regional Planning and
Development Agency Federal awards received directly from federal agencies, as well as federal awards
passed through from other governmental agencies, are included on the Schedule. 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.
Title: Indirect Cost Rates
Accounting Policies: Expenditures reported are based upon an accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Negotiated rate.
Indirect costs are included in the reported expenditures to the extent they are included in the federal
financial reports used as the source for the data provided. Central New York Regional Planning and
Development Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under
the Uniform Guidance.
Title: Matching Costs
Accounting Policies: Expenditures reported are based upon an accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Negotiated rate.
Matching costs, the Central New York Regional Planning and Development Board’s share of certain
program costs are not included in the reported federal expenditures.
Title: Loan Programs
Accounting Policies: Expenditures reported are based upon an accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Negotiated rate.
ARRA Energy Efficiency and Conservation Block Grant funds have been passed through to the Central New
York Enterprise Development Corporation and are used to fund a revolving loan program. At December
31, 2020, the outstanding principal balance of these loans was $155,421.