Notes to SEFA
Title: Reconciliation of SEFA to financial statement revenues
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared in accordance with the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: n/a
Federal revenue per financial statements: Non-operating revenue Federal subsidies $24,945; Federal capital contributions $1,416,600 total $1,441,545. Expenditures reported on the SEFA $1,441,545.