Notes to SEFA
Title: Note 1 ‐ Basis of Presentation
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual 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. Pass‐through entity identifying
numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Carson Water Subconservancy District has elected not to use the 10% de minimis indirect cost rate as
allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award
activity of Carson Water Subconservancy 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 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 Carson Water Subconservancy District, it is not intended to and does
not present the financial position, changes in net assets of Carson Water Subconservancy District. Expenditures reported in the Schedule are reported on the accrual 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. Pass‐through entity identifying
numbers are presented where available.
No federal financial assistance has been provided to a subrecipient.
Title: Note 2 ‐ Indirect Cost Rate
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual 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. Pass‐through entity identifying
numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Carson Water Subconservancy District has elected not to use the 10% de minimis indirect cost rate as
allowed under the Uniform Guidance.
Carson Water Subconservancy District has elected not to use the 10% de minimis indirect cost rate as
allowed under the Uniform Guidance.