Notes to SEFA
The amounts on the accompanying Schedule of Expenditures of Federal Awards are reconciled to the amounts of federal expenditures reported on the Authority’s basic financial statements as follows: Operating funds: Federal operating revenue as reported in the basic financial statements and within the accompanying schedule $ 209,651 Capital and technical funds: Total funds recorded as capital grants in the basic financial statements 675,987 Less state, local, and other contributions (392,617) Add direct technical assistance, management training and other specific contributions used to fund applicable expenditures - Add indirect grants 11,473 *Total federal expenditures/revenues as reported on the accompanying schedule $ 504,494