Notes to SEFA
Accounting Policies: The accompanying schedule presents the expenditures incurred (and related awards received) by the Authority that are
reimbursable under federal programs of federal agencies providing financial assistance awards. For the purposes of this
schedule, only the portion of program expenditures reimbursable with such federal funds are reported in the
accompanying schedule. Program expenditures in excess of the maximum federal or state reimbursement authorized or
the portion of the program expenditures that were funded with, state, local or other nonfederal funds are excluded from
the accompanying schedule. The expenditures included in the accompanying schedule were reported on the accrual basis of accounting. Expenditures
are recognized in the accounting period in which the related liability is incurred. Expenditures reported included any
property or equipment acquisitions incurred under the federal program.
The Schedule was prepared from only the accounts of the grant programs and, therefore, does not present the financial
position or results of operations of the Authority.
De Minimis Rate Used: N
Rate Explanation: N/A