Notes to SEFA
Title: reconciliatoin of financial statement revenues to SEFA expenditures
Accounting Policies: The Schedule of Expenditure of Federal Awards is prepared in accordance with the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Revenues from Federal sources per the financial statementsFederal grants - transportation $1,217,645 Federal grants - other 97,529 Total revenues from Federal sources per the financial statements 1,315,174 Expenditures per Schedule of Expenditures of Federal Awards 1,315,174 Difference $-