Notes to SEFA
Title: Matching Costs
Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in conformity with accounting principles generally accepted in the United States of America and amounts presented are derived from the Authority's general ledger.
De Minimis Rate Used: N
Rate Explanation: The Authority does not use the 10% de minimis indirect cost rate. Indirect costs may be included in the reported expenses to the extent that they are included in the Federal financial reports used as a source for the data presented.
Matching costs such as, the Authority’s share of certain program costs, are not included in the Schedule.