Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Organization elected not to use the 10 percent de minimis rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of West Calcasieu Airport Managing Board,
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Organization elected not to use the 10 percent de minimis rate.
and is presented on the accrual basis of accounting. The information on this schedule is presented in accordance with the requirements
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Organization elected not to use the 10 percent de minimis rate.
contained by Title 2 of U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Organization elected not to use the 10 percent de minimis rate.
Requirements for Federal Awards (Uniform Guidance). The amounts presented in this schedule do not differ from the amounts presented in,
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Organization elected not to use the 10 percent de minimis rate.
or used in the preparation of the financial statements.
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Organization elected not to use the 10 percent de minimis rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Organization elected not to use the 10 percent de minimis rate.
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Organization elected not to use the 10 percent de minimis rate.
limited as to reimbursement.