Notes to SEFA
Title: NOTE 1 Basis of Presentation
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance and Cost Principles for State, Local and Indian Tribal Governments,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
(2) Remington Recreational Water and Sewer District has elected not to use the 10 percent de
minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of Remington Recreational Water and Sewer District under programs of
the federal government for the year ended November 30, 2022. 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). Because the Schedule presents only a selected portion of the
operations of Remington Recreational Water and Sewer District, it is not intended to and does
not present the financial position, changes in fund balance, or cash flows of Remington
Recreational Water and Sewer District
Title: NOTE 2 Summary of Significant Accounting Policies
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance and Cost Principles for State, Local and Indian Tribal Governments,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
(2) Remington Recreational Water and Sewer District has elected not to use the 10 percent de
minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
(1) Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance and Cost Principles for State, Local and Indian Tribal Governments,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
(2) Remington Recreational Water and Sewer District has elected not to use the 10 percent de
minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE 3 Sub-Recipients
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance and Cost Principles for State, Local and Indian Tribal Governments,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
(2) Remington Recreational Water and Sewer District has elected not to use the 10 percent de
minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
There were no awards passed through to sub-recipients.