Title: NOTE 1- BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Corporation for the Conservation of the San Juan Bay Estuary has determined to use the cost allocation Methodology V5.0 plan approved by the Environmental Protection Agency in March 2016.
De Minimis Rate Used: N
Rate Explanation: n/a
The accompanying schedule of expenditures of federal awards includes the federal grants activity of Corporation for the Conservation of the San Juan Bay Estuary 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 Part 200, (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Corporation for the Conservation of the San Juan Bay Estuary it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Corporation for the Conservation of the San Juan Bay Estuary.
Title: NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Corporation for the Conservation of the San Juan Bay Estuary has determined to use the cost allocation Methodology V5.0 plan approved by the Environmental Protection Agency in March 2016.
De Minimis Rate Used: N
Rate Explanation: n/a
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Corporation for the Conservation of the San Juan Bay Estuary has determined to use the cost allocation Methodology V5.0 plan approved by the Environmental Protection Agency in March 2016.
Title: NOTE 3- SCHEDULE NOT IN AGREEMENT WITH OTHER FEDERAL AWARD REPORTS
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Corporation for the Conservation of the San Juan Bay Estuary has determined to use the cost allocation Methodology V5.0 plan approved by the Environmental Protection Agency in March 2016.
De Minimis Rate Used: N
Rate Explanation: n/a
The information included in the schedule may not fully agree with other federal award reports submitted directly to federal granting agencies.
Title: NOTE 4- FEDERAL ASISTANCE LISTING NUMBER
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Corporation for the Conservation of the San Juan Bay Estuary has determined to use the cost allocation Methodology V5.0 plan approved by the Environmental Protection Agency in March 2016.
De Minimis Rate Used: N
Rate Explanation: n/a
The CFDA numbers included in this schedule are based on the program name, grant contract information and the Office of Management and Budget’s Catalogue of Federal Domestic Assistance.
Title: NOTE 5 - CAPITALIZATION GRANTS FOR CLEAN WATER STATE REVOLVING FUNDS
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Corporation for the Conservation of the San Juan Bay Estuary has determined to use the cost allocation Methodology V5.0 plan approved by the Environmental Protection Agency in March 2016.
De Minimis Rate Used: N
Rate Explanation: n/a
The Capitalization Grants for Clean Water State Revolving Funds are under contract with the Government of Puerto Rico Environmental Quality Board (EQB), contract C-72-250-03 through 09.