Notes to SEFA
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). The amounts reported in the accompanying schedule of expenditures of Federal awards agree, in all material respects, to amounts reported within the Authority's financial statements. Federal award revenues are reported principally in the Authority's financial statements as grants. Expenditures are recognized following, as applicable, either the grant agreement, the cost principles in OMB 2 CFR Part 200 Subpart E, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.