Notes to SEFA
Title: COVID-19 RELIEF GRANT FUNDING
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 Title 2 U. S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowed or are limited as to reimbursement. On the accompanying schedule of expenditures of federal awards, AIP grant 3-21-0028-73 presents a negative amount as a result of changes to prior year estimates.
De Minimis Rate Used: N
Rate Explanation: The Airport has not elected to use the 10-percent de minimis indirect cost rate allowed under theUniform Guidance.
The Airport received COVID-19 relief grant related funding for the year ending June 30, 2022 under the following programs: CFDA 20.016 Airport Coronavirus Response Grant Program $ 152,432 CFDA 20.016 Airport Rescue Grant 7,133,399 CFDA 20.016 Concessions Rent Relief Airport Rescue Grant $267,982 Total $ 7,553,813
Title: Passenger Facility Charges
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 Title 2 U. S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowed or are limited as to reimbursement. On the accompanying schedule of expenditures of federal awards, AIP grant 3-21-0028-73 presents a negative amount as a result of changes to prior year estimates.
De Minimis Rate Used: N
Rate Explanation: The Airport has not elected to use the 10-percent de minimis indirect cost rate allowed under theUniform Guidance.
The Passenger Facility Charges ("PFC") were tested for compliance with requirements outlined in Federal Aviation Regulation, Part 158. While this program is not federally funded, it is included in the Supplementary Schedule of Expenditures of Federal Awards as an annual audit of the program is required by Federal Aviation Regulation, Part 158. In accordance with instructions for completing the Form SF-SAC, Data Collection Form for Reporting on Audits of States, Local Governments, and Non-Profit Organizations, PFC expenditures were not included as federal awards expended during the fiscal year as shown in Part III of Form SF-SAC. They are included in the Schedule of Expenditures of Federal Awards for informational purposes only.
Title: 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 Title 2 U. S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowed or are limited as to reimbursement. On the accompanying schedule of expenditures of federal awards, AIP grant 3-21-0028-73 presents a negative amount as a result of changes to prior year estimates.
De Minimis Rate Used: N
Rate Explanation: The Airport has not elected to use the 10-percent de minimis indirect cost rate allowed under theUniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal award activity of the Airport, under programs of the federal government for the year ended June 30, 2022 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"). Because the schedule presents only a selected portion of the operations of the Airport, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Airport.