Notes to SEFA
Title: Note C - Reconciliation to Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Transit Authority of the City of Paducah and is presented on the Accrual basis of accounting. The information in this schedule is presented in accordanc
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal Awards are reported as non-operationg revenues in the Statement of Revenues, Expenses, and Changes in Net Position.