Notes to SEFA
Title: 1
Accounting Policies: The schedule of expenditures for federal awards is prepared on the same basis of accounting and uses the same significant accounting policies as the financial statements. These policies are described in the
notes to the financial statements.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus.
De Minimis Rate Used: N
Rate Explanation: Riverbend did not elect to use the 10% de minimis indirect cost rate.
The schedule of expenditures for federal awards is prepared on the same basis of accounting and uses the same significant accounting policies as the financial statements. These policies are described in the notes to the financial statements.
Title: 2
Accounting Policies: The schedule of expenditures for federal awards is prepared on the same basis of accounting and uses the same significant accounting policies as the financial statements. These policies are described in the
notes to the financial statements.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus.
De Minimis Rate Used: N
Rate Explanation: Riverbend did not elect to use the 10% de minimis indirect cost rate.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus.
Title: 3
Accounting Policies: The schedule of expenditures for federal awards is prepared on the same basis of accounting and uses the same significant accounting policies as the financial statements. These policies are described in the
notes to the financial statements.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus.
De Minimis Rate Used: N
Rate Explanation: Riverbend did not elect to use the 10% de minimis indirect cost rate.
Riverbend did not elect to use the 10% de minimis indirect cost rate.
Title: 4
Accounting Policies: The schedule of expenditures for federal awards is prepared on the same basis of accounting and uses the same significant accounting policies as the financial statements. These policies are described in the
notes to the financial statements.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus.
De Minimis Rate Used: N
Rate Explanation: Riverbend did not elect to use the 10% de minimis indirect cost rate.
Riverbend has loan programs under the Drinking Water State Revolving Funds AL 66.468 outstanding at September 30, 2024 as follows:
Riverbend Water System Project:
Contract Revenue Bonds, Taxable Series 2020A 10,190,000
Contract Revenue Bonds, Tax-exempt Series 2020B 6,770,000
Contract Revenue Bonds, Taxable Series 2022A 53,110,000
Contract Revenue Bonds, Tax-exempt Series 2022B 34,825,000
Contract Revenue Bonds, Taxable Series 2023 14,400,000