Notes to SEFA
Title: Basis of Presentation
Accounting Policies: See Form.
De Minimis Rate Used: N
Rate Explanation: See Form.
The accompanying schedule of expenditures of federal awards includes the federal award activity of Terrebonne Levee and Conservation District and is prepared on the 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). Because the Schedule presents only a selected portion of the operations of Terrebonne Levee and Conservation District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Terrebonne Levee and Conservation District.
Title: Summary of Significant Accounting Policies
Accounting Policies: See Form.
De Minimis Rate Used: N
Rate Explanation: See Form.
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: See Form.
De Minimis Rate Used: N
Rate Explanation: See Form.
Terrebonne Levee and Conservation District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Assistance Listing Numbers (ALN)
Accounting Policies: See Form.
De Minimis Rate Used: N
Rate Explanation: See Form.
The Assistance Listing Numbers included in this report were determined based on the program name, review of grant contract information, and resources on the sam.gov website.
Title: Passed through to Subrecipients
Accounting Policies: See Form.
De Minimis Rate Used: N
Rate Explanation: See Form.
There were no awards passed through to subrecipients.