Notes to SEFA
Title: Reconciliation of SEFA to financial statement revenues
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared in accordance with the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: n/a
Federal revenue reported in proprietary funds, $4,362,681; expenditures not included in SEFA due to subsequent contract amendment allowing prior fiscal year expenditures to be reimbursed $750,386; net totals $3,612,295. Expenditures reported on the SEFA $3,612,295.