Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes grant activity of Pearl River County Utility Authority under programs of the federal government for the year ended September 30, 2023. 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 Princples, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Pearl River County Utility Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of Pearl River County Utility Authority.
De Minimis Rate Used: N
Rate Explanation: Pearl River County Utility Authority elected not to recover indirect costs for federal programs using the 10% de minimis cost rate allowed under the Uniform Guidance.