Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Green River Valley Water District under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requireements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents on a selected portion of the operations of the District it is not intended to and does not present the net position, change in net position or cash flows of Green River Valley Water District. Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where in certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Green River Valley Water District has elected not to use the 10% de minimis cost rate as allowed under the Uniform Guidance.