Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
NOTE A – BASIS OF PRESENTATION
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
the federal award activity of Airport Authority for Airport District #1 of Calcasieu Parish
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
(the Authority) under programs of the federal government for the year ended December
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
31, 2023. The information in this schedule is presented in accordance with the
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
Administrative Requirements, Cost Principles, and audit Requirements for Federal
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
Awards (Uniform Guidance). Because the Schedule presents only a selected portion of
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
the operations of the Authority, it is not intended to and does not present the financial
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
position, changes in net position, or cash flows of the Authority.
Title: Note B
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Title: Note B
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
Such expenditures are recognized following the cost principles contained in the Uniform
Title: Note B
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
Guidance, wherein certain types of expenditures are not allowable or are limited as to
Title: Note B
Accounting Policies: Accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
reimbursement.