Notes to SEFA
Title: Note 1
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditure of Federal Awards is presented in accordance with Generall Accepted Accounting Principles and is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparations of the general purpose financial statments.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis cost rate.
Basis of Presentation - The accompanying Schedule of Expenditure of Federal Awards is presented in accordance with Generall Accepted Accounting Principles and is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparations of the general purpose financial statments.
Title: Note 2
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditure of Federal Awards is presented in accordance with Generall Accepted Accounting Principles and is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparations of the general purpose financial statments.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis cost rate.
There were no sub-recipient activities during the audit period
Title: Note 3
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditure of Federal Awards is presented in accordance with Generall Accepted Accounting Principles and is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparations of the general purpose financial statments.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis cost rate.
The authority has elected not to us ethe 10% deminimis cost rate
Title: Note 4
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditure of Federal Awards is presented in accordance with Generall Accepted Accounting Principles and is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparations of the general purpose financial statments.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis cost rate.
The authority received no non-cash assistance
Title: Note 5
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditure of Federal Awards is presented in accordance with Generall Accepted Accounting Principles and is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparations of the general purpose financial statments.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis cost rate.
The Authority did not have any HUD issued mortgages or loans