Notes to SEFA
The Authority has elected not to use the de minimis indirect cost rate as allowed under the Uniform Guidance.
The Authority passes certain federal awards received from the U.S Department of Transportation through to other governments or not-for-profit agencies (subrecipients). As Note 2 describes, the Authority reports expenditures of federal awards to subrecipients when paid on an accrual basis. As a subrecipient, the Authority has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use these subawards as authorized by laws, regulations, and the provisions of contracts or grant agreements, and that subrecipients achieve the award’s performance goals.
Certain Federal programs require the Authority to contribute non-Federal funds (matching funds) to support the Federally funded programs. The Authority has met its matching requirements. The Schedule does not include the expenditure of non-Federal matching funds.