Notes to SEFA
Title: Reconciliation of SEFA to financial statement revenues
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared in accordance with the modified accrual basis of accounting for governemntl funds and accrual basis for proprietary funds.
De Minimis Rate Used: N
Rate Explanation: n/a
Federal revenue reported in governmental funds $476,669; proprietary funds operating grants $462,678; component unit operating grants $23,160; proprietary funds loan draws added to proprietary fund long-term debt $237,008 totals $1,199,515. Expenditures reported on the SEFA $1,199,515.