Audit 10479

Title: Basis of Presentation Accounting Policies: The accompanying schedule of federal awards includes the federal grant activity of Lower Platte South Natural Resources District (the District) and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the financial statements De Minimis Rate Used: N Rate Explanation: The District did not elect to use the ten percent de minimis indirect cost rate as allowed in the Uniform Guidance The accompanying schedule of federal awards includes the federal grant activity of Lower Platte South Natural Resources District (the District) and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the financial statements.

Title: Subrecipients Accounting Policies: The accompanying schedule of federal awards includes the federal grant activity of Lower Platte South Natural Resources District (the District) and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the financial statements De Minimis Rate Used: N Rate Explanation: The District did not elect to use the ten percent de minimis indirect cost rate as allowed in the Uniform Guidance The District provided no federal awards to subrecipients.

Title: Indirect Costs Accounting Policies: The accompanying schedule of federal awards includes the federal grant activity of Lower Platte South Natural Resources District (the District) and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the financial statements De Minimis Rate Used: N Rate Explanation: The District did not elect to use the ten percent de minimis indirect cost rate as allowed in the Uniform Guidance The District did not elect to use the ten percent de minimis indirect cost rate as allowed in the Uniform Guidance, 2 CFR 200.414.