Notes to SEFA
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
Certain Federal programs require the Authority to contribute non-Federal funds (cost sharing or matching funds) to support the Federally-funded programs. The Authority has met its cost sharing requirements. The Schedule does not include the expenditure of non-Federal matching funds.