Notes to SEFA
Title: NOTE 1 GENERAL
Accounting Policies: NOTE 2 BASIS OF ACCOUNTING. The Schedule is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 INDIRECT COSTS. The Authority did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs.
The schedule of expenditures of federal awards (the Schedule) presents the activity of all federal award programs of the Contra Costa Transportation Authority (the Authority). Federal awards passed through from other governmental agencies are included in the Schedule.
Title: NOTE 3 RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 2 BASIS OF ACCOUNTING. The Schedule is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 INDIRECT COSTS. The Authority did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs.
Amounts reported in the Schedule agree to or can be reconciled with the amounts reported in the related federal financial reports.