Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Northwestern Indiana Regional Planning Commission (the “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). Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. When federal grants are received on a reimbursement basis, the federal awards are considered expensed when the reimbursement is received.
The Commission has elected to not use the de minimis indirect cost rate as allowed under the Uniform Guidance.
CARES Act Supplemental Funding for Economic Development Districts Balance of RLF gross loans outstanding at the end of the fiscal year $ 64,780 Plus: Cash and investment balance in the RLF at the end of fiscal year 49,909 Plus: Administrative expenses paid out of RLF income during the fiscal year 25 Total Calculation Basis $ 114,714 Calculation for Federal Participation Rate Original Economic Development Administration Funding $ 500,000 Local Match - Total Original Grant with Original Match $ 500,000 Federal Participation Rate 100% The Federal share ($113,306 x 100%) $ 114,714