Notes to SEFA
Title: NOTE 1: SCOPE OF AUDIT PURSUANT TO UNIFORM GUIDANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance
programs of the Agency. The Agency's reporting entity is defined in Note 1 of the Agency's financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule. When federal awards were received from a pass-through entity, the schedule of expenditures of federal awards shows, if available, the identifying number assigned by the pass-through entity.
De Minimis Rate Used: Y
Rate Explanation: The Agency elected to use the 10% de minimIs indirect cost rate allowed under the Uniform Guidance for the
Hazard and Mitigation Grant Program AL number 97.039 during the year ended June 30, 2024.
The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance
provided to Amador Water Agency under programs of the Federal Government for the year ended June 30, 2024.
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).
Title: NOTE 3: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance
programs of the Agency. The Agency's reporting entity is defined in Note 1 of the Agency's financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule. When federal awards were received from a pass-through entity, the schedule of expenditures of federal awards shows, if available, the identifying number assigned by the pass-through entity.
De Minimis Rate Used: Y
Rate Explanation: The Agency elected to use the 10% de minimIs indirect cost rate allowed under the Uniform Guidance for the
Hazard and Mitigation Grant Program AL number 97.039 during the year ended June 30, 2024.
The accompanying schedule of expenditures of federal awards has been prepared on the accrual basis of accounting. Grant and contract revenues are recorded for financial reporting purposes when the Agency has met the qualifications for the respective grants and contracts.
Title: NOTE 4: CLAIMS
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance
programs of the Agency. The Agency's reporting entity is defined in Note 1 of the Agency's financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule. When federal awards were received from a pass-through entity, the schedule of expenditures of federal awards shows, if available, the identifying number assigned by the pass-through entity.
De Minimis Rate Used: Y
Rate Explanation: The Agency elected to use the 10% de minimIs indirect cost rate allowed under the Uniform Guidance for the
Hazard and Mitigation Grant Program AL number 97.039 during the year ended June 30, 2024.
The Agency has received federal grants for specific purposes that are subject to review and audit by the Federal Government. Although such audits could result in expenditure disallowances under the grant terms, any required reimbursements are not expected to be material.
Title: NOTE 6: LOAN PROGRAMS
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance
programs of the Agency. The Agency's reporting entity is defined in Note 1 of the Agency's financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule. When federal awards were received from a pass-through entity, the schedule of expenditures of federal awards shows, if available, the identifying number assigned by the pass-through entity.
De Minimis Rate Used: Y
Rate Explanation: The Agency elected to use the 10% de minimIs indirect cost rate allowed under the Uniform Guidance for the
Hazard and Mitigation Grant Program AL number 97.039 during the year ended June 30, 2024.
Loan programs with outstanding loan balances at June 30, 2024 included the Water and Waste Disposal Systems for Rural Communities Program AL number 10.760, which had an outstanding balance of $4,750,000.