Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the
Worcester Redevelopment Authority and is presented on the modified accrual basis of accounting. The
information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Expenditures are recognized following the cost
principles contained in the Uniform Guidance for all awards. Therefore, the amount presented in this
schedule may differ from the amount presented in, or used in the preparation of, the financial
statements.
De Minimis Rate Used: N
Rate Explanation: N/A