Audit 352222

Title: Note 1 - General Accounting Policies: The accompanyin Schedule of Expenditures of Federal and State Awards presents the activity of federal and state expenditures of programs of the Cameron County Regional Mobiliyt Authority (the CCRMA). The CCRMA reporting entity is defined in Note 1 of the CCRMA's basic Financial statements. The acccompanying schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. Federal and state award expenditures as reported in the accompanying schedule of expenditures of federal and state awards are reflected in the CCRMA's financial statements as expense or capital asset additions. Amounts reported in the accompanying schedule may not agree with the amounts reported in the related Federal and State financial reports filed with the grantor agencies because of the effect of capitalization of assets and accruals made. De Minimis Rate Used: N Rate Explanation: CCRMA did not elect to use the de minimis cost rate. The accompanying Schedule of Expenditures of Federal and State Awards presents the activity of federal and state expendiures of programs of the Cameron County Regional Mobilty Authority (the CCRMA). The CCRMA reporting entity is defined in the Note 1 to the CCRMA's basic financial statements.

Title: Note 2 - Basis of Accounting Accounting Policies: The accompanyin Schedule of Expenditures of Federal and State Awards presents the activity of federal and state expenditures of programs of the Cameron County Regional Mobiliyt Authority (the CCRMA). The CCRMA reporting entity is defined in Note 1 of the CCRMA's basic Financial statements. The acccompanying schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. Federal and state award expenditures as reported in the accompanying schedule of expenditures of federal and state awards are reflected in the CCRMA's financial statements as expense or capital asset additions. Amounts reported in the accompanying schedule may not agree with the amounts reported in the related Federal and State financial reports filed with the grantor agencies because of the effect of capitalization of assets and accruals made. De Minimis Rate Used: N Rate Explanation: CCRMA did not elect to use the de minimis cost rate. The accompanying schedule of expenditures of federal and state awards is presented using the accrual basis of accounting.

Title: Note 3 - Relationship to Financial Statements Accounting Policies: The accompanyin Schedule of Expenditures of Federal and State Awards presents the activity of federal and state expenditures of programs of the Cameron County Regional Mobiliyt Authority (the CCRMA). The CCRMA reporting entity is defined in Note 1 of the CCRMA's basic Financial statements. The acccompanying schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. Federal and state award expenditures as reported in the accompanying schedule of expenditures of federal and state awards are reflected in the CCRMA's financial statements as expense or capital asset additions. Amounts reported in the accompanying schedule may not agree with the amounts reported in the related Federal and State financial reports filed with the grantor agencies because of the effect of capitalization of assets and accruals made. De Minimis Rate Used: N Rate Explanation: CCRMA did not elect to use the de minimis cost rate. Federal and state award expenditures as reported in the accompanying schedule of expenditures of federal and state awards are reflected in the CCRMA's financial statements as expenses or capital asset additions.

Title: Note 4 - Relationship to Federal Financial Reports Accounting Policies: The accompanyin Schedule of Expenditures of Federal and State Awards presents the activity of federal and state expenditures of programs of the Cameron County Regional Mobiliyt Authority (the CCRMA). The CCRMA reporting entity is defined in Note 1 of the CCRMA's basic Financial statements. The acccompanying schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. Federal and state award expenditures as reported in the accompanying schedule of expenditures of federal and state awards are reflected in the CCRMA's financial statements as expense or capital asset additions. Amounts reported in the accompanying schedule may not agree with the amounts reported in the related Federal and State financial reports filed with the grantor agencies because of the effect of capitalization of assets and accruals made. De Minimis Rate Used: N Rate Explanation: CCRMA did not elect to use the de minimis cost rate. Amounts reported in the accompanying schedule may not agree with the amounts report in the related federal and state financial report filed with the grantor agencies because of the effect of capitalization of asset and accruals made.

Title: Note 5 - Subrecipients Accounting Policies: The accompanyin Schedule of Expenditures of Federal and State Awards presents the activity of federal and state expenditures of programs of the Cameron County Regional Mobiliyt Authority (the CCRMA). The CCRMA reporting entity is defined in Note 1 of the CCRMA's basic Financial statements. The acccompanying schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. Federal and state award expenditures as reported in the accompanying schedule of expenditures of federal and state awards are reflected in the CCRMA's financial statements as expense or capital asset additions. Amounts reported in the accompanying schedule may not agree with the amounts reported in the related Federal and State financial reports filed with the grantor agencies because of the effect of capitalization of assets and accruals made. De Minimis Rate Used: N Rate Explanation: CCRMA did not elect to use the de minimis cost rate. During the year ended September 30, 2024, Cameron County Regional Mobility Authority had no subrecipients.

Title: Note 6 - Indirect Cost Rate Accounting Policies: The accompanyin Schedule of Expenditures of Federal and State Awards presents the activity of federal and state expenditures of programs of the Cameron County Regional Mobiliyt Authority (the CCRMA). The CCRMA reporting entity is defined in Note 1 of the CCRMA's basic Financial statements. The acccompanying schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. Federal and state award expenditures as reported in the accompanying schedule of expenditures of federal and state awards are reflected in the CCRMA's financial statements as expense or capital asset additions. Amounts reported in the accompanying schedule may not agree with the amounts reported in the related Federal and State financial reports filed with the grantor agencies because of the effect of capitalization of assets and accruals made. De Minimis Rate Used: N Rate Explanation: CCRMA did not elect to use the de minimis cost rate. The Uniform Guidance allows and organization to elect 10% de minimus indirect cost rate. For the year ended September 30, 2024. CCRMA did not elect to use this rate.

Title: Note 7 - Non-Cash Assistance, Federal Loan and Guarantees, and Federaly Funded Insurance Accounting Policies: The accompanyin Schedule of Expenditures of Federal and State Awards presents the activity of federal and state expenditures of programs of the Cameron County Regional Mobiliyt Authority (the CCRMA). The CCRMA reporting entity is defined in Note 1 of the CCRMA's basic Financial statements. The acccompanying schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. Federal and state award expenditures as reported in the accompanying schedule of expenditures of federal and state awards are reflected in the CCRMA's financial statements as expense or capital asset additions. Amounts reported in the accompanying schedule may not agree with the amounts reported in the related Federal and State financial reports filed with the grantor agencies because of the effect of capitalization of assets and accruals made. De Minimis Rate Used: N Rate Explanation: CCRMA did not elect to use the de minimis cost rate. During the year ended September 30, 2024, Cameron County Regional Mobility Authority did not receive any Non-cash Assistance, Federal and Loan Guarantees, and Federally Fund Insurance.