Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Combined Utilities, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Entity does not have any known indirect costs.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Combined Utilities, Inc. under the programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirement 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 Combined Utilities, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Combined Utilities, Inc.
Title: 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 the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Combined Utilities, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Entity does not have any known indirect costs.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Combined Utilities, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Entity does not have any known indirect costs.
Combined Utilities, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Mississippi State Departhment of Health
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Combined Utilities, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Entity does not have any known indirect costs.
See the Notes to the SEFA for chart/table