Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: 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 01· are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Weber-Box Elder Conservation Dish'ict has elected to use the 10 percent de minim is indirect cost .
rate as allowed under the Uniform Guidance because the Entity has a different indirect cost rate that
has been approved by its federal oversight agency.
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 01· are limited as to reimbursement.
Title: Summary of Significant Accounting Policies
Accounting Policies: 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 01· are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Weber-Box Elder Conservation Dish'ict has elected to use the 10 percent de minim is indirect cost .
rate as allowed under the Uniform Guidance because the Entity has a different indirect cost rate that
has been approved by its federal oversight agency.
Weber-Box Elder Conservation Dish'ict has elected to use the 10 percent de minim is indirect cost .
rate as allowed under the Uniform Guidance because the Entity has a different indirect cost rate that
has been approved by its federal oversight agency.
Title: Summary of Significant Accounting Policies
Accounting Policies: 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 01· are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Weber-Box Elder Conservation Dish'ict has elected to use the 10 percent de minim is indirect cost .
rate as allowed under the Uniform Guidance because the Entity has a different indirect cost rate that
has been approved by its federal oversight agency.
Noncash Federal Awards - Noncash federal awards, if applicable, represent commodities consumed
during the year, expressed at market value, The State estimates the per unit fair market value of
these commodities, Noncash federal financial assistance is calculated by multiplying the per unit
fair market value by the net commodities consumed,