Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal loan activity of Chattahoochee Valley Water Supply District (the District) under programs of the federal government for the year ended September 30, 2023. Expenditures reported on the schedule are reported on the accrual basis of accounting. The information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: There are no indirect costs associated with the federal expenditures. All direct costs.
The accompanying schedule of expenditures of federal awards includes the federal loan activity of Chattahoochee Valley Water Supply District (the District) under programs of the federal government for the year ended September 30, 2023. Expenditures reported on the schedule are reported on the accrual basis of accounting. The information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements.
Title: Reporting Entity
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal loan activity of Chattahoochee Valley Water Supply District (the District) under programs of the federal government for the year ended September 30, 2023. Expenditures reported on the schedule are reported on the accrual basis of accounting. The information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: There are no indirect costs associated with the federal expenditures. All direct costs.
The District’s reporting entity is fully described in Note 1 to the financial statements.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal loan activity of Chattahoochee Valley Water Supply District (the District) under programs of the federal government for the year ended September 30, 2023. Expenditures reported on the schedule are reported on the accrual basis of accounting. The information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: There are no indirect costs associated with the federal expenditures. All direct costs.
The District has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
Title: Subrecepients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal loan activity of Chattahoochee Valley Water Supply District (the District) under programs of the federal government for the year ended September 30, 2023. Expenditures reported on the schedule are reported on the accrual basis of accounting. The information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: There are no indirect costs associated with the federal expenditures. All direct costs.
There were no awards passed through to subrecipients.
Title: Recognition of Federal Expenditures
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal loan activity of Chattahoochee Valley Water Supply District (the District) under programs of the federal government for the year ended September 30, 2023. Expenditures reported on the schedule are reported on the accrual basis of accounting. The information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from the amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: There are no indirect costs associated with the federal expenditures. All direct costs.
The District incurred $6,287,825 of ADEM related expenditures in fiscal year 2023. In accordance with Drinking Water State Revolving Funds guidelines, the District recorded the eligible expenditures in its fiscal year 2023 Schedule of Expenditures of Federal Awards when its requisition and payment request was approved by ADEM.