FAC Explorer

Audit 55919

FY End
2022-06-30
Total Expended
$5.22M
Findings
0
Programs
6
Organization: Tri-Valley Transit Inc. (VT)
Year: 2022 Accepted: 2023-01-27
Auditor: Jmm & Associates

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
20.509 Formula Grants for Rural Areas and Tribal Transit Program $263,505 Yes 0
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $164,284 - 0
20.500 Federal Transit_capital Investment Grants $11,563 - 0
20.505 Metropolitan Transportation Planning and State and Non-Metropolitan Planning and Research $3,885 - 0
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $2,336 - 0
20.514 Public Transportation Research $1,724 - 0

Contacts

Name Title Type
NPM6L1NMJU54 Jim Moulton Auditee
8023881946 Randall L. Sargent Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards (the Schedule) are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Schedule includes the federal award activity of Tri-Valley Transit Inc. (TVT) under programs of the Federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Tri-Valley Transit Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of TVT.