Title: Loan Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs of the Alaska Railroad Corporation (the Corporation). The Corporation’s reporting entity is defined in note 1 to the Corporation’s financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule. 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. Only the portion of project expenditures that were applied toward a federal award are reported on the schedule. Because the schedule presents only a portion of the operations of the Corporation, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Corporation. The accompanying SEFA is presented using the accrual basis of accounting, which is described in note 2 to the Corporation’s financial statements. Such expenditures are recognized following the cost principles contained in OMB Circular A-87, Cost Principle for State, Local and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. CFR Uniform Guidance, Cost Principles for State, Local and Tribal Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Corporation has not elected to use the de minimis 10% indirect cost rate.
The Corporation has not entered into any federal loan or loan guarantee programs.
Title: Noncash Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs of the Alaska Railroad Corporation (the Corporation). The Corporation’s reporting entity is defined in note 1 to the Corporation’s financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule. 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. Only the portion of project expenditures that were applied toward a federal award are reported on the schedule. Because the schedule presents only a portion of the operations of the Corporation, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Corporation. The accompanying SEFA is presented using the accrual basis of accounting, which is described in note 2 to the Corporation’s financial statements. Such expenditures are recognized following the cost principles contained in OMB Circular A-87, Cost Principle for State, Local and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. CFR Uniform Guidance, Cost Principles for State, Local and Tribal Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Corporation has not elected to use the de minimis 10% indirect cost rate.
The Corporation received no federal noncash awards during the year ended December 31, 2024.
Title: Amounts Passed Through to Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs of the Alaska Railroad Corporation (the Corporation). The Corporation’s reporting entity is defined in note 1 to the Corporation’s financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule. 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. Only the portion of project expenditures that were applied toward a federal award are reported on the schedule. Because the schedule presents only a portion of the operations of the Corporation, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Corporation. The accompanying SEFA is presented using the accrual basis of accounting, which is described in note 2 to the Corporation’s financial statements. Such expenditures are recognized following the cost principles contained in OMB Circular A-87, Cost Principle for State, Local and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. CFR Uniform Guidance, Cost Principles for State, Local and Tribal Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Corporation has not elected to use the de minimis 10% indirect cost rate.
During the year ended December 31, 2024, the Corporation did not pass through any federal award amounts to subrecipients.