Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirementsfor Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limitedas to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10-percent de minimis indirect cost rateas allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalaward activity of Monongalia County Urban Mass Transportation Authority (the Authority) underprograms of the federal government for the year ended June 30, 2021. The information on this Scheduleis prepared 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 theAuthority, it is not intended to and does not present the financial position, changes in net position, orcash flows of the Authority.
Title: MATCHING REQUIREMENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirementsfor Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limitedas to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10-percent de minimis indirect cost rateas allowed under the Uniform Guidance.
Certain Federal programs require the Authority to contribute non-Federal funds (matching funds) tosupport the Federally-funded programs. The Authority has met its matching requirements. The Scheduledoes not include the expenditures of non-Federal matching funds. ?5307, ?5311F and ?5310 areoperating grants and typically have a 50/50 match where the Federal Government puts in the sameamount as the local support for that grant. Because of the pandemic crisis the Federal Government hadAmerican Rescue Plan Funds legislation (ARP) and Cares Act funds that covered the local match andpaid 100% on those grants. The ?5307 funds that were at a 50/50 match were $918,889, and the localmatch on the 5311F funds at the 50/50 match were $194,596 and the ?5310 funds this year were underthe ARP funds had no required local match. The Grant for smog reduction CMAQ was part of the ?5307group for years, also has had no local match. The amount on this grant 5307 was $1,044 with no localmoney required to match this.