Notes to SEFA
Title: SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% deminimis indirect cost rate allowed under Uniform Guidance.
THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED ON THE ACCURAL BASIS OF ACCOUNTING. THE AUTHORITY HAS ELECTED NOT TO USE THE 10 PERCENT DEMINIMIS INDIRECT COST RATE ALLOWED UNDER UNIFORM GUIDANCE.