Notes to SEFA
Title: Reporting Entity:
Accounting Policies: This accompanying schedule has been prepared on the modified accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Conservancy did elect to use the 10% de minimis indirect cost rate for fiscal year September 30, 2024.
The accompanying schedule of expenditures of federal awards (schedule) presents all activity or expenditure
or all federal award programs of Southern Nevada Conservancy for the year ended September 30, 2024. The
Conservancy’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 has been prepared on the modified accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Conservancy did elect to use the 10% de minimis indirect cost rate for fiscal year September 30, 2024.
This accompanying schedule 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 has been prepared on the modified accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Conservancy did elect to use the 10% de minimis indirect cost rate for fiscal year September 30, 2024.
The Conservancy did not have any subrecipents for the fiscal year 2024.
Title: Indirect Cost:
Accounting Policies: This accompanying schedule has been prepared on the modified accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Conservancy did elect to use the 10% de minimis indirect cost rate for fiscal year September 30, 2024.
The Conservancy did elect to use the 10% de minimis indirect cost rate for fiscal year September 30, 2024.