Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the Catawba Regional Council of Governments under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented on the modified accrual basis of accounting and in accordance with the requirements of the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of the Catawba Regional Council of Governments, it is not intended to and does not present the financial position or changes in net position of the Catawba Regional Council of Governments.
Expenditures are recognized following the cost principles contained in 2 CFR Part 200, Cost Principles for States, Local Governments, and Indian Tribes, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Matching costs, i.e., the non-federal share of certain program costs, are not included in the Schedule.
The Catawba Regional Council of Governments has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Catawba Regional Council of Governments had the following EDA - SC Agribusiness loan balances outstanding at June 30, 2025. These loan balances outstanding are also included in the federal expenditures presented in the Schedule. Program Title Federal CFDA Number Outstanding Balance at June 30, 2025 EDA- SC Agribusiness Loan Fund 11.307 $ 214,642 The calculation of federal funds expended for the EDA - SC Agribusiness Loan Fund as reported in the Schedule is as follows: SC Agribusiness Loan Fund (SCALF) Principal Outstanding $ 214,642 Cash and Investment Balances in the SCALF: -SCALF Cash 787,667 Administrative Expenses Paid from SCALF Income 19,807 Unpaid Principal of all Loans Written Off - 1,022,116 Federal share of the SCALF: 79.47% Total Federal Expenditures $ 812,276 The Catawba Regional Council of Governments had the following EDA - COVID Revolving loan balances outstanding at June 30, 2025. These loan balances outstanding are also included in the federal expenditures presented in the Schedule. Program Title Federal CFDA Number Outstanding Balance at June 30, 2025 EDA - COVID Revolving Loan Fund 11.307 $ 7,838,544 The calculation of federal funds expended for the EDA - COVID Revolving Loan Fund as reported in the Schedule is as follows: COVID Revolving Loan Fund (SCBLF) Principal Outstanding $ 7,838,544 Cash and Investment Balances in the SCBLF: - SCBLF Cash 3,577,630 Administrative Expenses Paid from SCBLF Income 278,220 Unpaid Principal of all Loans Written Off - 11,694,394 Federal share of the SCBLF: 100% Total Federal Expenditures $ 11,694,394