Notes to SEFA
Title: NOTE B SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grantactivity of the Authority and is presented on the cash basis of accounting. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only aselected portion of the operations of the Organization, it is not intended to and does not presentthe financial position, changes in net position, or cash flows of the Agency.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization provided no federal awards to subrecipients during the year ended December 31, 2022.
Title: NOTE C DISCLOSURE OF OTHER FORMS OF ASSISTANCE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grantactivity of the Authority and is presented on the cash basis of accounting. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only aselected portion of the operations of the Organization, it is not intended to and does not presentthe financial position, changes in net position, or cash flows of the Agency.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization received no federal awards of non-monetary assistance that are required to be disclosed for the year ended December 31, 2022.The Organization had no loans, loan guarantees, or federally restricted endowment fundsrequired to be disclosed for the year ended December 31, 2022.