Notes to SEFA
Title: Local Share
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Federal Highway Administration and Federal Transit Administration grants reimburse 80% of the allowable expenditures claims by OahuMPO and the remaining 20% is contributed by the State of Hawaii ("State"), the City and County of Honolulu (C&C), and the Honolulu Authority for Rapid Transportation (HART). For the year ended June 30, 2022, the amounts contributed by the State, the C&C and HART were approximately $152,000, $572,000 and $152,000, respectively.