Notes to SEFA
Title: Basis of presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity for the Authority and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity for the Authority and is presented on the accrual basis of accounting. The Authority has elected not to use the 10 percent de minimis indirect cost rate.