Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activityof the Authority and is presented on the full accrual basis of accounting. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only aselected portion of the operations of the Authority, it is not intended to and does not present thefinancial position, changes in net position, or cash flows of the Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Authority provided no federal awards to subrecipients during the year ended December 31,2022.
Title: Disclosure of Other Forms of Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activityof the Authority and is presented on the full accrual basis of accounting. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only aselected portion of the operations of the Authority, it is not intended to and does not present thefinancial position, changes in net position, or cash flows of the Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Authority received no federal awards of non-monetary assistance that are required to bedisclosed for the year ended December 31, 2022.The Authority had no loans, loan guarantees, or federally restricted endowment funds required to bedisclosed for the year ended December 31, 2022.