Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of Expenditures of Federal Awards (the Schedule) includes the federal awardactivities for Southern Jackson County Public Service District under programs of the federal governmentfor the year ended June 30, 2022. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principle, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of the operations of the Southern Jackson County Public Service District, itis not intended to and does not present the financial position, changes in net position, or cash flows ofSouthern Jackson County Public Service District.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance and OMB Circular A-87,Cost Principles for State, Local, and Indian Tribe Governments, wherein certain types of expenditures arenot allowable or are limited as to reimbursement.