Notes to SEFA
Accounting Policies: For purposes of the SEFA, expenditures for federal award programs are recognized 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 allowaable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to charge a de minimus rate of 10% for federal awards.