Audit 317218

Title: NOTE 1. BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting as used in the governmental financial statements. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Irrigation District did not utilize an indirect cost rate as allowed under Uniform Guidance The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of Huntley Project Irrigation District (Irrigation District) under programs of the federal government for the fiscal year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Irrigation District it is not intended to and does not present the financial position, changes in net position or cash flows of the Irrigation District.

Title: NOTE 4. FOOTNOTES Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting as used in the governmental financial statements. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Irrigation District did not utilize an indirect cost rate as allowed under Uniform Guidance Fn1 – No separate funds or accounts maintained; the Irrigation District assumes first in first out for program money. Fn2 – The value of commodities (revenues, expenses or inventory) are not displayed in the basic financial statements. N/A – Not applicable/available.