Title: PASS-THROUGH SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity for Nettie-Leivasy Public Service District under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the 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). Because the Schedule presents only a selected portion of the operations of the Nettie-Leivasy Public Service District, it is not intended to and does not present the financial position, changes in net position, or cash flows of Nettie-Leivasy Public Service 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 and OMB Circular A-87, Cost Principles for State, Local, and Indian Tribe Governments, wherein
certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis cost rate.
There were no awards passed through to subrecipients.
Title: ASSISTANCE LISTING (CATALOG OF FEDERAL DOMESTIC ASSISTANCE (CFDA))
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity for Nettie-Leivasy Public Service District under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the 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). Because the Schedule presents only a selected portion of the operations of the Nettie-Leivasy Public Service District, it is not intended to and does not present the financial position, changes in net position, or cash flows of Nettie-Leivasy Public Service 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 and OMB Circular A-87, Cost Principles for State, Local, and Indian Tribe Governments, wherein
certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis cost rate.
Assistance Listing (AL) has replaced the Catalog of Federal Domestic Assistance (CFDA) for identifying federal programs.
Title: OUTSTANDING LOAN BALANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity for Nettie-Leivasy Public Service District under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the 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). Because the Schedule presents only a selected portion of the operations of the Nettie-Leivasy Public Service District, it is not intended to and does not present the financial position, changes in net position, or cash flows of Nettie-Leivasy Public Service 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 and OMB Circular A-87, Cost Principles for State, Local, and Indian Tribe Governments, wherein
certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10% de minimis cost rate.
The United States Department of Agriculture Water and Waste Disposal Systems for Rural Communities (AL 10.760) total outstanding loan balance at June 30, 2022 was $2,743,549. The
entire outstanding loan balance was considered to be from federal sources.