Audit 362604

Title: BASIS OF PRESENTATION Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in conformity with accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal award activity of the Rochester-Genesee Regional Transportation Authority (the Authority) and each of its blended component units under programs of the federal government for the year ended March 31, 2025. The blended component units are as follows:  Regional Transit Service, Inc., d/b/a RTS (RTS)  Lift Line, Inc., d/b/a RTS Access (Access)  Batavia Bus Service, Inc., d/b/a RTS Genesee (Genesee)  Livingston Area Transportation Service, Inc., d/b/a RTS Livingston (Livingston)  Ontario County Area Transit System, Inc., d/b/a RTS Ontario (Ontario)  Orleans Transit Service, Inc., d/b/a RTS Orleans (Orleans)  Seneca Transit Service, Inc., d/b/a RTS Seneca (Seneca)  Wayne Area Transportation Service, Inc., d/b/a RTS Wayne (Wayne)  Wyoming Transit Service, Inc., d/b/a RTS Wyoming (Wyoming)  Genesee Transportation Council Staff, Inc. (GTCS) The information in this schedule is presented 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 Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority. The schedule includes expenditures of federal programs received directly from federal agencies, as well as federal assistance passed through other organizations.

Title: BASIS OF ACCOUNTING Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in conformity with accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards has been prepared in conformity with accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.