Notes to SEFA
Title: NOTE - SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of federal awards expenditures is a summary of the activity of the Agency's federal award programs. The schedule has been prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority did not use DeMinimus rate of 10% for indirect costs charged to federal grants.
The accompanying schedule of federal awards expenditures is a summary of the activity of the Authority's federal award programs. The schedule has been prepared on the accrual basis of accounting. The Authority did not use DeMinimus rate of 10% for indirect costs charged to federal grants.