Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awardactivity of Tri River Transit Authority (the Authoritys) under programs of the federal government for theyear ended June 30, 2022. The information on this Schedule is prepared in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of the operations of the Authority, it is not intended to and does not presentthe financial position, changes in net position, or cash flows of the Authority.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.