Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Lehigh Valley Planning Commission under programs of the federal government for the year ended December 31, 2025. 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 Lehigh Valley Planning Commission, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Lehigh Valley Planning Commission.
Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not llowable or are limited as to reimbursement.
Lehigh Valley Planning Commission has elected not to use the 10% or 15% de minimis indirect cost rate allowed under the Uniform Guidance.