Notes to SEFA
Title: NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: EXPENDITURES ARE REPORTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: THE AUTHORITY ELECTED NOT TO USE 10% DE MINIMIS INDIRECT RATE ALLOWED UNDER THE UNIFORM GUIDANCE.
REPORTING ENTITY, DESCRIPTION OF ENTITY, BASIS OF PRESENTATION
Title: NOTE 2 - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
Accounting Policies: EXPENDITURES ARE REPORTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: THE AUTHORITY ELECTED NOT TO USE 10% DE MINIMIS INDIRECT RATE ALLOWED UNDER THE UNIFORM GUIDANCE.
MATERIAL VIOLATION OF FINANCE-RELATED LEGAL AND CONTRACTUAL PROVISIONS
Title: NOTES 3 - DETAIL NOTES ON ALL FUNDS
Accounting Policies: EXPENDITURES ARE REPORTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: THE AUTHORITY ELECTED NOT TO USE 10% DE MINIMIS INDIRECT RATE ALLOWED UNDER THE UNIFORM GUIDANCE.
ASSETS, LIABILITIES. NET POSITION, CONTINGENCIES, RISK MANAGEMENT