Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Presented in accordance with the requirements of the title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost as allpowed under the Uniform Guidance
The accompanying schedule of expenditures of fereal awards (the "Schedule") includes the federal activity of the Authority under the programs of rthe federal government for the uyear ended June 2023. The information in this Schedule is presented in accordance with the requirements of the title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Because the Schedule presents only a selectyed portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position
Title: Summary of Significant Accounting Policies
Accounting Policies: Presented in accordance with the requirements of the title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost as allpowed under the Uniform Guidance
Expenditures reported in the Schedule are reported on the modified accural basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement
Title: Indirect Cost Rate
Accounting Policies: Presented in accordance with the requirements of the title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost as allpowed under the Uniform Guidance
The Authority has elected not to use the 10 percent de minimis indirect cost as allowed under the Uniform Guidance.