Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity ofthe Authority under programs of the federal government for the year ended December 31, 2022. The informationin this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of our operations, it is not intended to and doesnot present our financial position, changes in net positions, or cash flows.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.