Notes to SEFA
Title: 1
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under Uniform Guidance.
Major program
Title: 2
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under Uniform Guidance.
The schedule of expenditures of federal awards presents the activity of all federal awards programs of the Authority and is
presented in accordance with the requirements of Title 2 U.S. code of Federal Regulations Part 200 (2 CFR 200) Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). The
Authority's reporting entity is defined in Note 1 to the Authority's basic financial statements. All federal awards received
directly from federal agencies as well as federal awards passed through other government agencies, are included on the
schedule. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to
and does not present the financial position, changes in net position, or cash flows of the Authority.
Title: 3
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under Uniform Guidance.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
Title: 4
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under Uniform Guidance.
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal financial reports
except for changes made to reflect amounts in accordance with generally accepted accounting principles.
Title: 5
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under Uniform Guidance.
The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under Uniform Guidance.