Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of River Parks Authority (the Authority) under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is resented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). 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 assets, or cash flows of the Authority.
The Authority did not expend federal awards related to loans or loan guarantees during the year ended June 30, 2022.
The Authority has no federally funded insurance.
The Authority did not receive any federal noncash assistance for the year ended June 30, 2022.
The Authority did not elect to use the 10 percent (10%) de minimis indirect cost rate.