Notes to SEFA
Title: Note 3 - Program Clusters
Accounting Policies: The Transportation and Motor Buses for Public Use Authority (the Authority) maintains its accounting records in accordancewith accounting principles generally accepted in the United States of America. The financial information contained in theschedule of expenditures of federal awards has been prepared on the basis of accounting practices prescribed under theterms of Federal Operating Assistance, Planning, and Capital Grants with the Federal Transit Administration. The practicesdiffer from accounting principles generally accepted in the United States of America as follows:1. Depreciation is not allowedas a project cost.2. Certain expenditures that would not normally be included in the determination of net income are eitherallowable or unallowable for project purposes.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following program clusters, as identified by the Uniform Guidance, were treated as a single program for determining major programs. Federal Transit Cluster - 20.507 - $4,820,020