Title: NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 - GENERAL The accompanying Schedule of Expenditures of Federal
Awards presents the activity of all federal awards programs of the
Webster Parish Police Jury, Minden, Louisiana. The Webster Parish Police
Jury (the "Police Jury") reporting entity is defined in Note 1 to the Police
Jury's financial statements. Federal awards received directly from federal
agencies, as well as federal awards passed through other government
agencies, is included on the schedule. 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 of Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of
operations of the Police Jury, it is not intended to and does not present
the financial position or changes in net position of the Police Jury.
NOTE 2 - BASIS OF ACCOUNTING The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of
accounting, which is described in Note 1 to the Police Jury's financial
statements. Such expenses are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenses are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Police Jury has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Federal awards revenues are reported in the Police Jury's fund
financial statements as follows:
Major Funds: Federal Sources
General Fund $ 637,035
ARPA 4,623
Nonmajor Governmental Funds - Capital Projects 305,396
Total 947,054
Title: NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 1 - GENERAL The accompanying Schedule of Expenditures of Federal
Awards presents the activity of all federal awards programs of the
Webster Parish Police Jury, Minden, Louisiana. The Webster Parish Police
Jury (the "Police Jury") reporting entity is defined in Note 1 to the Police
Jury's financial statements. Federal awards received directly from federal
agencies, as well as federal awards passed through other government
agencies, is included on the schedule. 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 of Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of
operations of the Police Jury, it is not intended to and does not present
the financial position or changes in net position of the Police Jury.
NOTE 2 - BASIS OF ACCOUNTING The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of
accounting, which is described in Note 1 to the Police Jury's financial
statements. Such expenses are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenses are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Police Jury has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Amounts reported in the accompanying schedule agree with the
amounts reported in the related federal financial reports except
for changes made to reflect amounts in accordance with
accounting principles generally accepted in the United States of
America.
Title: NOTE 5 - FEDERAL AWARDS
Accounting Policies: NOTE 1 - GENERAL The accompanying Schedule of Expenditures of Federal
Awards presents the activity of all federal awards programs of the
Webster Parish Police Jury, Minden, Louisiana. The Webster Parish Police
Jury (the "Police Jury") reporting entity is defined in Note 1 to the Police
Jury's financial statements. Federal awards received directly from federal
agencies, as well as federal awards passed through other government
agencies, is included on the schedule. 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 of Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of
operations of the Police Jury, it is not intended to and does not present
the financial position or changes in net position of the Police Jury.
NOTE 2 - BASIS OF ACCOUNTING The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of
accounting, which is described in Note 1 to the Police Jury's financial
statements. Such expenses are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenses are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Police Jury has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 5 - FEDERAL AWARDS For those funds that have matching
revenues and state funding, federal expenditures were
determined by deducting matching revenues from total
expenditures. Federal awards do not include the Police Jury’s
operating income from rents or investment (or other
non-federal source). In addition, the entire amount of operating
subsidy received during the fiscal year is considered to be
“expended” during the fiscal year.
Title: NOTE 6 - DISASTER GRANTS – PUBLIC ASSISTANCE, AL# 97.036
Accounting Policies: NOTE 1 - GENERAL The accompanying Schedule of Expenditures of Federal
Awards presents the activity of all federal awards programs of the
Webster Parish Police Jury, Minden, Louisiana. The Webster Parish Police
Jury (the "Police Jury") reporting entity is defined in Note 1 to the Police
Jury's financial statements. Federal awards received directly from federal
agencies, as well as federal awards passed through other government
agencies, is included on the schedule. 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 of Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of
operations of the Police Jury, it is not intended to and does not present
the financial position or changes in net position of the Police Jury.
NOTE 2 - BASIS OF ACCOUNTING The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of
accounting, which is described in Note 1 to the Police Jury's financial
statements. Such expenses are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenses are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Police Jury has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 6 - DISASTER GRANTS – PUBLIC ASSISTANCE, AL# 97.036
Non-Federal entities must record expenditures on the SEFA
when: (1) Federal Emergency Management Agency (FEMA) has
approved the non federal entity’s project worksheet (PW), and
(2) the non-federal entity has incurred the eligible
expenditures. In 2024, FEMA approved $316,087 of eligible
expenditures that were incurred in a prior year and are included
on the schedule.
Title: NOTE 7- INDIRECT COST RATE
Accounting Policies: NOTE 1 - GENERAL The accompanying Schedule of Expenditures of Federal
Awards presents the activity of all federal awards programs of the
Webster Parish Police Jury, Minden, Louisiana. The Webster Parish Police
Jury (the "Police Jury") reporting entity is defined in Note 1 to the Police
Jury's financial statements. Federal awards received directly from federal
agencies, as well as federal awards passed through other government
agencies, is included on the schedule. 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 of Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of
operations of the Police Jury, it is not intended to and does not present
the financial position or changes in net position of the Police Jury.
NOTE 2 - BASIS OF ACCOUNTING The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of
accounting, which is described in Note 1 to the Police Jury's financial
statements. Such expenses are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenses are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Police Jury has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 7- INDIRECT COST RATE The Police Jury has elected not to
use the 10-percent de minimis indirect cost rate allowed under
the Uniform Guidance.