Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of the Macon Water Authority and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The schedule of expenditures of federal awards includes the federal grant activity of the Macon Water Authority and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
Title: De Minimis Indirect Cost Rate
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of the Macon Water Authority and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The Macon Water Authority elected not to use the 10% de minimis indirect cost rate.
Title: Non-Cash Awards
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of the Macon Water Authority and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The Authority did not receive non-cash federal awards during the year ended September 30, 2023.
Title: Subrecipients
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of the Macon Water Authority and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The Authority did not pass through any funds to subrecipients during the year ended September 30, 2023.