Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards represents all federal awards administered by the Syracuse Regional Airport Authority. The Syracuse Regional Airport Authority's organization is defined in note 1 to the basic financial statements. The expenditures in the accompanying schedule are presented on the accrual basis of accounting. The information in this schedules is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.