Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: N/A
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10 percent minimis indirect cost rate as covered in CFR 2 §200.414.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the the Authority for the year ended June 30, 2023, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: NOTE 2 - FEDERAL ASSISTANCE LISTINGS NUMBER
Accounting Policies: N/A
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10 percent minimis indirect cost rate as covered in CFR 2 §200.414.
The program titles and Federal Assistance Listing numbers were obtained from the federal or passthrough grantor or the 2023 Federal Assistance Listings. When no Federal Assistance Listings number had been assigned to a program, the two digit federal agency identifier and the federal contract number were used. When there was no federal contract number, the two digit federal agency identifier and the word "unknown" were used.