Notes to SEFA
Title: Reporting Entity:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: District did not elect to use the 10 percent de minimis indirect cost rate for fiscal year 2024.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Washington County Water Conservancy District, Utah (District). The District’s reporting entity is defined in Note 1 of the basic financial statements. All expenditure of federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule.
Title: Basis of Accounting:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: District did not elect to use the 10 percent de minimis indirect cost rate for fiscal year 2024.
This accompanying schedule of expenditures of federal awards has been prepared on the modified 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).
Title: Subrecipients:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: District did not elect to use the 10 percent de minimis indirect cost rate for fiscal year 2024.
There are no subrecipients.
Title: Indirect Cost Rate:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: District did not elect to use the 10 percent de minimis indirect cost rate for fiscal year 2024.
District did not elected to use the 10 percent de minimis indirect cost rate for fiscal year 2024.
Title: Federal Loans Outstanding:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: District did not elect to use the 10 percent de minimis indirect cost rate for fiscal year 2024.
There are no outstanding balances for federal loan or loan guarantee programs at December 31, 2024.