Notes to SEFA
Title: Note 3 - Program Costs
Accounting Policies: The Schedule is prepared on the same basis of accounting as the transit's financial statements. The transit uses the cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The amount expended includes $0 claimed as an indirect cost. Grays Harbor Transportation Authority has not elected to use the 10-percentde minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only federal portion of the program costs. Actual program costs, including the transits portion, may be more than shown.