Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Unigorm Guidance and OMB Circular A-87, Cost Principles for State, Local, and Indian tribe Governments, wherein certain types of expenditures are not allowable or are limited as to reimburesement.
De Minimis Rate Used: N
Rate Explanation: Tyler County Public Service District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activities for Tyler County Public Service District 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 Principle, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Tyler County Public Service District, it is not intended to and does not present the financial position, changes in net position, or cash flows of Tyler County Public Service District.
Title: Pass-Through to Subrecipients
Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Unigorm Guidance and OMB Circular A-87, Cost Principles for State, Local, and Indian tribe Governments, wherein certain types of expenditures are not allowable or are limited as to reimburesement.
De Minimis Rate Used: N
Rate Explanation: Tyler County Public Service District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
There were no awards passed through to subrecipients.
Title: Assistance Listing (Catalog of Federal Domestic Assistance (CFDA))
Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Unigorm Guidance and OMB Circular A-87, Cost Principles for State, Local, and Indian tribe Governments, wherein certain types of expenditures are not allowable or are limited as to reimburesement.
De Minimis Rate Used: N
Rate Explanation: Tyler County Public Service District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
Assistance Listing (AL) has replaced the Catalog of Federal Domestic Assistance (CFDA) for identifying federal programs.
Title: Loan Programs
Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Unigorm Guidance and OMB Circular A-87, Cost Principles for State, Local, and Indian tribe Governments, wherein certain types of expenditures are not allowable or are limited as to reimburesement.
De Minimis Rate Used: N
Rate Explanation: Tyler County Public Service District has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The federal loan program listed subsequently is administered directly by the Tyler County Public Service District, and balances and transactions relating to this program are included in the Tyler County Public Service District's basic financial statements. Loans outstanding made during the year are included in the federal expenditures presentation in the schedule. The balances of the loans outstanding at June 30, 2024 consist of: AL # 10.760, Program/Cluster Name - Water and Waste Disposal Systems for Rural Communities - Total Loan Balances $ 818,535