Audit 315867

Title: Note 1 - Basis of Presentation Accounting Policies: This schedule of expenditures of federal awards includes federal grant activity of the Consolidated Gravity Drainage District No. 1, Tickfaw, Louisiana, and is presented on the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). 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: Y Rate Explanation: N/A This schedule of expenditures of federal awards includes federal grant activity of the Consolidated Gravity Drainage District No. 1, Tickfaw, Louisiana, and is presented on the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.

Title: Note 2 Accounting Policies: This schedule of expenditures of federal awards includes federal grant activity of the Consolidated Gravity Drainage District No. 1, Tickfaw, Louisiana, and is presented on the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). 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: Y Rate Explanation: N/A The Consolidated Gravity Drainage District No. 1 has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.