Title: PURPOSE OF SCHEDULE
Accounting Policies: SIGNIFICANT ACCOUNTING POLICIES
A. Basis of Presentation
Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Arch Cape Domestic
Water Supply District has elected not to use the 10 percent de minimis indirect cost rate allowed under
the Uniform Guidance.
B. Federal Financial Assistance
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a
federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements,
loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly,
non-monetary federal assistance, including federal surplus property, is included in federal financial
assistance and, therefore, is reported on the schedule of expenditures of federal awards, if applicable.
Federal financial assistance does not include direct federal cash assistance to individuals. Solicited
contracts between the state and federal government for which the federal government procures tangible
goods or services are not considered to be federal financial assistance.
C. Major Programs
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance
programs. Major programs for the District are those programs selected for testing by the auditor using a
risk assessment model, as well as certain minimum expenditure requirements, as outlined in the
Uniform Guidance.
D. Reporting Entity
The reporting entity is fully described in the notes to the District’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered
by the District for the year ended June 30, 2022.Revenue and Expenditure Recognition
The receipt and expenditure of federal awards are accounted for under the modified cash basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: No indirects charged
The accompanying schedule of expenditures of federal awards (the “schedule”) includes the federal
award activity of Arch Cape Domestic Water Supply 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 Requirement,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of Arch Cape Domestic Water Supply District, it is not
intended to and does not present the financial position, changes in net position, or cash flows of Arch
Cape Domestic Water Supply District.
Title: Basis of Presentation
Accounting Policies: SIGNIFICANT ACCOUNTING POLICIES
A. Basis of Presentation
Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Arch Cape Domestic
Water Supply District has elected not to use the 10 percent de minimis indirect cost rate allowed under
the Uniform Guidance.
B. Federal Financial Assistance
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a
federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements,
loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly,
non-monetary federal assistance, including federal surplus property, is included in federal financial
assistance and, therefore, is reported on the schedule of expenditures of federal awards, if applicable.
Federal financial assistance does not include direct federal cash assistance to individuals. Solicited
contracts between the state and federal government for which the federal government procures tangible
goods or services are not considered to be federal financial assistance.
C. Major Programs
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance
programs. Major programs for the District are those programs selected for testing by the auditor using a
risk assessment model, as well as certain minimum expenditure requirements, as outlined in the
Uniform Guidance.
D. Reporting Entity
The reporting entity is fully described in the notes to the District’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered
by the District for the year ended June 30, 2022.Revenue and Expenditure Recognition
The receipt and expenditure of federal awards are accounted for under the modified cash basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: No indirects charged
Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Arch Cape Domestic
Water Supply District has elected not to use the 10 percent de minimis indirect cost rate allowed under
the Uniform Guidance.
Title: Federal Financial Assistance
Accounting Policies: SIGNIFICANT ACCOUNTING POLICIES
A. Basis of Presentation
Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Arch Cape Domestic
Water Supply District has elected not to use the 10 percent de minimis indirect cost rate allowed under
the Uniform Guidance.
B. Federal Financial Assistance
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a
federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements,
loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly,
non-monetary federal assistance, including federal surplus property, is included in federal financial
assistance and, therefore, is reported on the schedule of expenditures of federal awards, if applicable.
Federal financial assistance does not include direct federal cash assistance to individuals. Solicited
contracts between the state and federal government for which the federal government procures tangible
goods or services are not considered to be federal financial assistance.
C. Major Programs
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance
programs. Major programs for the District are those programs selected for testing by the auditor using a
risk assessment model, as well as certain minimum expenditure requirements, as outlined in the
Uniform Guidance.
D. Reporting Entity
The reporting entity is fully described in the notes to the District’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered
by the District for the year ended June 30, 2022.Revenue and Expenditure Recognition
The receipt and expenditure of federal awards are accounted for under the modified cash basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: No indirects charged
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a
federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements,
loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly,
non-monetary federal assistance, including federal surplus property, is included in federal financial
assistance and, therefore, is reported on the schedule of expenditures of federal awards, if applicable.
Federal financial assistance does not include direct federal cash assistance to individuals. Solicited
contracts between the state and federal government for which the federal government procures tangible
goods or services are not considered to be federal financial assistance.
Title: Major Programs
Accounting Policies: SIGNIFICANT ACCOUNTING POLICIES
A. Basis of Presentation
Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Arch Cape Domestic
Water Supply District has elected not to use the 10 percent de minimis indirect cost rate allowed under
the Uniform Guidance.
B. Federal Financial Assistance
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a
federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements,
loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly,
non-monetary federal assistance, including federal surplus property, is included in federal financial
assistance and, therefore, is reported on the schedule of expenditures of federal awards, if applicable.
Federal financial assistance does not include direct federal cash assistance to individuals. Solicited
contracts between the state and federal government for which the federal government procures tangible
goods or services are not considered to be federal financial assistance.
C. Major Programs
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance
programs. Major programs for the District are those programs selected for testing by the auditor using a
risk assessment model, as well as certain minimum expenditure requirements, as outlined in the
Uniform Guidance.
D. Reporting Entity
The reporting entity is fully described in the notes to the District’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered
by the District for the year ended June 30, 2022.Revenue and Expenditure Recognition
The receipt and expenditure of federal awards are accounted for under the modified cash basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: No indirects charged
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance
programs. Major programs for the District are those programs selected for testing by the auditor using a
risk assessment model, as well as certain minimum expenditure requirements, as outlined in the
Uniform Guidance.
Title: Reporting Entity
Accounting Policies: SIGNIFICANT ACCOUNTING POLICIES
A. Basis of Presentation
Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Arch Cape Domestic
Water Supply District has elected not to use the 10 percent de minimis indirect cost rate allowed under
the Uniform Guidance.
B. Federal Financial Assistance
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a
federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements,
loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly,
non-monetary federal assistance, including federal surplus property, is included in federal financial
assistance and, therefore, is reported on the schedule of expenditures of federal awards, if applicable.
Federal financial assistance does not include direct federal cash assistance to individuals. Solicited
contracts between the state and federal government for which the federal government procures tangible
goods or services are not considered to be federal financial assistance.
C. Major Programs
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance
programs. Major programs for the District are those programs selected for testing by the auditor using a
risk assessment model, as well as certain minimum expenditure requirements, as outlined in the
Uniform Guidance.
D. Reporting Entity
The reporting entity is fully described in the notes to the District’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered
by the District for the year ended June 30, 2022.Revenue and Expenditure Recognition
The receipt and expenditure of federal awards are accounted for under the modified cash basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: No indirects charged
The reporting entity is fully described in the notes to the District’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered
by the District for the year ended June 30, 2022.
Title: Revenue and Expenditure Recognition
Accounting Policies: SIGNIFICANT ACCOUNTING POLICIES
A. Basis of Presentation
Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Arch Cape Domestic
Water Supply District has elected not to use the 10 percent de minimis indirect cost rate allowed under
the Uniform Guidance.
B. Federal Financial Assistance
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a
federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements,
loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly,
non-monetary federal assistance, including federal surplus property, is included in federal financial
assistance and, therefore, is reported on the schedule of expenditures of federal awards, if applicable.
Federal financial assistance does not include direct federal cash assistance to individuals. Solicited
contracts between the state and federal government for which the federal government procures tangible
goods or services are not considered to be federal financial assistance.
C. Major Programs
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance
programs. Major programs for the District are those programs selected for testing by the auditor using a
risk assessment model, as well as certain minimum expenditure requirements, as outlined in the
Uniform Guidance.
D. Reporting Entity
The reporting entity is fully described in the notes to the District’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered
by the District for the year ended June 30, 2022.Revenue and Expenditure Recognition
The receipt and expenditure of federal awards are accounted for under the modified cash basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: No indirects charged
The receipt and expenditure of federal awards are accounted for under the modified cash basis of
accounting.