Notes to SEFA
The accompanying. Schedule of Expenditures of Federal Awards “ T h e S c h e d u l e ” includes the federal grant activity of River
Parishes Transit Authority and is presented on the accrual basis of accounting The information in this Schedule is presented i n
accordance w i t h the requirements of Title 2 US S Code of Federal Regulations Part 200 Uniform Administrative
Requirements Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Therefore some amounts
presented in the schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following
the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to
reimbursement. Negative amounts shown on the schedule represent adjustments of credits made in the normal course of business to
amounts reported as expenditures in prior years.
Of the federal expenditures presented in the Schedule t h e r e were no payments to sub-recipients for the year ended December
31, 2024.
December 31, 2024 has not elected to use the 10 percenter per minimum indirect cost rate allowed under the Uniform Guidance.
No federal awards were expended in the form of non-cash assistance during the fiscal year ended December 31, 2024.
Amounts reported in the Schedule of Expenditures of Federal Awards agree with the amounts reported in the related federal financial
reports.