Notes to SEFA
Title: Disclosure of Other Forms of Assistance
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Authority and isprepared on the full accrual basis of accounting. The information in this schedule is presented inaccordance with the requ irements of the of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Authority received no federal awards of non-monetary assistance required to be disclosed for theyear ended September 30, 2022.? The Authority had no loans, loan guarantees, or federally restricted endowment funds required to bedisclosed for the year ended September 30, 2022.? The Authority maintains the following limits of insurance as of the year ended September 30, 2022.PropertyLiabilityCommercial AutoWorker CompensationPublic Officer's LiabilityFidelity BondComputer Equipment and Media$75,922,186$ 2,000,000$ 700,000Statutory$ 1,000,000$ 250,000$ 500,000Settled claims have not exceeded the above commercial limits over the past three years.
Title: Subrecipients
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Authority and isprepared on the full accrual basis of accounting. The information in this schedule is presented inaccordance with the requ irements of the of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Authority provided no federal awards to sub recipients during the fiscal year ended September 30,2022.