Finding Text
2 CFR Subpart F § 200.510(b) requires the auditee prepare a Schedule of Expenditures of Federal
Awards (the Schedule) for the period covered by the District’s financial statements which must include
the total federal awards expended as determined in accordance with § 200.502.
At a minimum, the schedule must:
(1) List individual Federal programs by Federal agency.
(2) For Federal awards received as a subrecipient, the name of the pass-through entity and identifying
number assigned by the pass-through entity must be included.
(3) Provide total Federal awards expended for each individual Federal program and the ALN number
or other identifying number when the ALN information is not available.
(4) Include the total amount provided to subrecipients from each Federal program.
(5) For loan or loan guarantee programs described in § 200.502 Basis for determining Federal awards
expended, paragraph (b), identify in the notes to the schedule the balances outstanding at the end
of the audit period.
(6) Include notes that describe the significant accounting policies used in preparing the schedule, and
note whether or not the auditee has elected to use the 10 percent de minimis cost rate as covered
in § 200.414 Indirect (F&A) costs.
The District’s internal control procedures did not identify $1,943,931 of expenses in the Schedule of
Expenditures of Federal Awards related to the Highway Planning and Construction funds.
Adjustments, to which management have agreed, are reflected in the accompanying Schedule.
Noncompliance with grant requirements as well as errors and omissions on the Schedule of Expenditures
of Federal Awards could have an adverse effect on future grant awards by the awarding agencies in
addition to an inaccurate assessment of major federal programs that would be subjected to audit.