Notes to SEFA
Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs administered by Capital District Transportation Authority (the Authority), an entity as defined in Note 1 to the Authority’s financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the SEFA. In accordance with an agreement between the Authority and the New York State Department of Transportation, the Authority functions as the “host agency” for the Capital Region Transportation Council (CRTC), the designated Metropolitan Planning Organization (MPO) for the Capital region. As the host agency, the Authority provides certain grant administration and accounting functions to CRTC; consequently, grants totaling $3,782,339 administered on behalf of CRTC are included in the accompanying SEFA. Basis of Accounting The Authority uses the accrual basis of accounting for each federal program, consistent with the financial statements. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable programs and periods. The amounts reported in these federal financial reports are prepared from records maintained for each program, which are periodically reconciled with the Authority’s financial reporting system. Matching Costs Matching costs, i.e., the Authority’s share of certain program costs, are not included in the reported expenditures. Indirect Costs The Authority has not elected to use the de minimis indirect cost rate allowed by the Uniform Guidance.