Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use 10% de minimis indirect cost rate as covered in 2 CFR Part 200 Section 414 “Indirect (F&A) Costs.”