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 modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: n/a
Federal revenue reported in the Proprietary Funds Statement of Revenues, Expenditures and Changes in Net Position; non-operating revenues - Federal grants of $32,000, and contribution in aid of construction - Federal grants of $1,657,913 totals $1,657,913 which agrees with expenditures reported on the SEFA .