Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source of the data presented. The Port has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Matching costs, the Port’s share of grant costs, are not included in the reported expenditures.
De Minimis Rate Used: N
Rate Explanation: The Port has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
No amounts were provided to subrecipients.