Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: Not applicable
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award
activity of the Del Puerto Water District (the District) under programs of the federal government for the year
ended February 29, 2024. 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
Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents
only a selected portion of the operations of the District, it is not intended to and does not present the financial
position, changes in net assets or cash flows for the District.
For purposes of the Schedule, federal awards include all grants and contracts entered into directly between
the District, agencies, and departments of the federal government. The awards are classified into major
program categories in accordance with the provisions of the Uniform Grant Guidance.
Title: NOTE B - BASIS OF ACCOUNTING
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in Title 2 U. S. Code of Federal Regulations (CFR)
Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the
course of business to amounts reported as expenditures in prior years.
Title: NOTE C - PASS-THROUGH AWARDS
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: Not applicable
See table
Title: NOTE D - RELATIONSHIP OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
TO FINANCIAL STATEMENTS
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Consistent with management’s policy, federal awards and other grants are recorded in respective revenue
categories. As a result, the amount of total federal awards expended on the Schedule does not agree to total
grant revenue on the Statement of Operations and Changes in Net Assets as presented in the District’s rtepor
on the audited financial statements.