Notes to SEFA
Title: Program Income
Accounting Policies: The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the Southeastern Regional Transit Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
(Uniform Guidance), Subpart F, Section 510(b).
De Minimis Rate Used: N
Rate Explanation: not applicable
ALN 20.507 had program income of $2,158,720