Notes to SEFA
Accounting Policies: OrganizationThe accompanying Schedule of Expenditures of Federal Awards represents all Federal awardsadministered by the Syracuse Regional Airport Authority. The Syracuse Regional AirportAuthoritys organization is defined in note 1 to the basic financial statements.Basis of AccountingThe expenditures in the accompanying schedule are presented on the accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirementsof the Uniform Guidance, Audits of States, Local Governments, and Non-ProfitOrganizations. Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.