THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE SCHEDULE) INCLUES THE FEDERAL AWARD ACTIVITY OF MUNICIPALITY OF CLARKSBURG, WEST VIRGINIA UNDER PROGRAJS OF THE FEDERAL GOVERNMENT FOR THE FISCAL YEAR ENDED JUNE 30, 2025. 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). BECAISE THE SCHEDULE PRESENTS ONLY A SELECTED PORTION OF THE OPERATIONS OF MUNICIPALITY OF CLARKSBURG, WEST VIRGINIA, IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGES IN NET POSITION, OR CASH FLOWS OF MUNICIPALITY OF CLARKSBURG, WEST VIRGINIA..
EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDE-ANCE AND OMB CIRCULAR A-87, COST PRINCIPLES FOR STATE, LOCAL, AND INDIAN TRIBAL GOVERNMENTS, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
MUNICIPALITY OF CLARKSBURG, WEST VIRGINIA HAS ELECTED NOT TO USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE
THERE WERE NO AWARDS PASSED THROUGH TO SUBRECIPIENTS
ASSISTANCE LISTING (AL) HAS REPLACED THE CATALOG OF FEDERAL DOMESTIC ASSISTANCE (CFDA) FOR IDENTIFYING FEDERAL PROGRAMS
THE UNITED STATES DEPARTMENT OF AGRICULTURE - COMMUNITY FACILITIES LOAN AND GRANT PROGRAM - AL 10.766 REPRESENTED A REFINANCING OF A BOND ANTICIPATION NOTE PURCHASED BY THE UNITED STATES DEPARTMENT OF AGRICULTURE ON MAY 24, 2019 IN THE AMOUNT OF $8,500,000. THE OUTSTANDING BALANCE OF THE BONDS AT JUNE 30, 2025 WAR $7,712,009. THE UNITED STATES DEPARTMENT OF AGRICULTURE - WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES - AL NUMBER 10.760 REPRESENTS A LOAN THROUGH THE WEST VIRGINIA DEPARTMENT OF ENVIRONMENTAO PROTECTION CLEAN WATER STATE REVOLVING LOAN PREGRAM. THE TOTAL LOAN BALANCE OUTSTANDING AT JUNE 30, 2025 WAS $6,356,554 OF WHICH $1,857,139 WAS CONSIDERED FEDERAL FUNDING. THE UNITED STATES DEPARTMENT OF AGRICULTURE - WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES - AL NMBER 10.760 REPRESENTS A LOAN THROUGH THE WEST VIRGINIA DEPARTMENT OF ENVIRONMENTAL PROTECTION CLEAN WATER STATE REVOLVING LOAN PROGRAM. THE TOTAL LOAJ BALANCE OUTATANDING AT JUNE 30, 2025 WAS $293,719