Notes to SEFA
The schedule of expenditures of federal awards (Schedule) presents the activity of the federal award programs of the Port of Oakland, California (Port). The reporting entity is defined in Note 1 of the Port’s basic financial statements. The information in the 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). The Schedule identifies federal programs by the Assistance Listing number (ALN). In addition, expenditures funded from the American Rescue Plan Act (ARPA) and the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) are denoted by the prefix COVID-19 in the federal program title in the Schedule.
The Schedule is presented using the accrual basis of accounting as described in Note 2 to the Port’s basic financial statements. Expenditures of federal awards are reported in the Port’s financial statements as operating grant expenses or as additions to capital assets. Payments to subrecipients, of which there were none during the year ended June 30, 2025, are included in the Schedule when the disbursement is made by the Port to the subrecipient. The Port has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Amounts reported in the Schedule agree to or can be reconciled with the amounts reported in the related federal financial reports.
The Port included in the Schedule of Expenditures of Federal Awards for the year ended June 30, 2025, costs totaling $1,628,287 under the Airport Improvement Program that were incurred prior to receiving the grant award. Under the U.S. Department of Transportation Federal Aviation Administration, Order 3100.38C, project costs incurred prior to the execution of a grant agreement may be reimbursed for costs incurred after September 1996 for funds apportioned to a sponsor as entitlements.