Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards
(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. Negative amounts shown on
the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Northeast Regional Water District has not elected to use the 10-percent de minimis indirect
cost rate as allowed under the Uniform Guidance.
The Schedule includes the federal award activity of the Northeast Regional Water District under
programs of the federal government for the year ended December 31, 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. 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 position, or cash flows of the District.
Title: PASSTHROUGHS
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards
(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. Negative amounts shown on
the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Northeast Regional Water District has not elected to use the 10-percent de minimis indirect
cost rate as allowed under the Uniform Guidance.
All pass-through entities listed above use the same AL numbers as the federal grantors to
identify these grants, and have not assigned any additional identifying numbers.