Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards 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, using the accrual
basis of accounting. Therefore, some amounts presented in this schedule may differ from
amounts presented in the financial statements.
De Minimis Rate Used: N
Rate Explanation: he Authority does not charge a de minimis
indirect cost rate.