Notes to SEFA
Title: Note 3 - Program Clusters
Accounting Policies: The Monroe County Transportation Authority (the Authority) maintains its accounting records in
accordance with accounting principles generally accepted in the United States of America. The
financial information contained in the Schedule of Expenditures of Federal Awards has been
prepared on the basis of accounting practices prescribed under the terms of Operating
Assistance, Planning, and Capital Grants with the Federal Transit Administration. The practices
differ from accounting principles generally accepted in the United States of America as follows:
A. Depreciation is not allowed as a project cost.
B. Certain expenditures that would not normally be included in the determination of net
income are either allowable 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 ‐ $1,039,157; Transit Services Programs Cluster - 20.513 - $544,828; Medicaid Cluster - 93.778 - $285,815