Notes to SEFA
Title: A. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowed or are limited as to reimbursement. When federal grants are received on a
reimbursement basis, the federal awards are considered expended when the reimbursement is received.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant
activity of the DeKalb County Airport Authority (the “Authority”) under programs of the federal government
for the year ended December 31, 2023. The information in the Schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only a select portion of the operations of the Authority, it is not intended to and does
not present the receipts, disbursements, and cash and investment balances – regulatory basis of the
Authority.
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowed or are limited as to reimbursement. When federal grants are received on a
reimbursement basis, the federal awards are considered expended when the reimbursement is received.
Title: NOTE 2 - INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowed or are limited as to reimbursement. When federal grants are received on a
reimbursement basis, the federal awards are considered expended when the reimbursement is received.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The Authority has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Title: NOTE 3 - OTHER INFORMATION
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowed or are limited as to reimbursement. When federal grants are received on a
reimbursement basis, the federal awards are considered expended when the reimbursement is received.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The Authority did not have any subrecipient activity for the year ended December 31, 2023.