Notes to SEFA
This report on Federal Awards includes the federal awards of the Greater Peoria Mass Transit District. The reporting entity for the Greater Peoria Mass Transit District is based upon the criteria established by the Governmental Accounting Standards Board.
The accompanying schedule of expenditures of federal awards (the “schedule”) includes the federal grant activity of the Greater Peoria Mass Transit District under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the 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 the district, it is not intended to and does not present the financial position, changes in net position or cash flows of the District.
There was one major program for the year ended June 30, 2024, the Federal Transit Cluster. This grant was awarded by the Federal Transit Administration – U.S. Department of Transportation to the Greater Peoria Mass Transit District for the purposes of financing capital projects and supporting public transportation services in urbanized areas.
The Federal aid is included in the statement of revenues, expenses and changes in net position as follows: Operating assistance: $6,915,895 Capital assistance: $7,722,106 Maintenance assistance: $1,500,102 5311 Rural service operating assistance: $170,643 5311 Rural service CARES ACT: $167,075
As of and during the year ended June 30, 2024, the District did not receive any federal insurance or federal loans or loan guarantees. In addition, the District did not pass through any federal awards to sub-recipients.