Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
NOTE I. Basis of Presentation
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
The Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity of Otter Creek
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
Communications Union District (District), under programs of the federal government for the year ended December 31, 2024. The
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
the financial position, changes in net assets, or cash flow of the District.
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
NOTE II. Basis of Accounting
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
a. Expenditures reported on the Schedule are presented on the same basis of accounting as the District’s financial
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
statements. The District uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
program. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
of the basic financial statements.
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
b. Pass-through entity identifying numbers are presented where available.
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
NOTE III. Program Costs
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
costs could be more than shown. Such expenditures are recognized following, as applicable, the cost principles in the Title 2 U.S.
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, Audit Requirements, wherein
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
certain types of expenditures are not allowable or are limited to reimbursement.
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
NOTE IV. Major Programs
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
In accordance with OMB Uniform Guidance, major programs are determined using a risk-based approach. The program listed
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
below is determined by the independent auditor to be major programs.
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
Federal Agency/Department Program ALN
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
U.S. Department of US Treasury
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
Coronavirus Capital Projects Fund
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
21.029
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
NOTE V. Indirect Cost Rate
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
The District has not elected to use the ten (10) percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
NOTE VI. Subrecipients
Title: Basis of Presentation
Accounting Policies: See Note 1
De Minimis Rate Used: N
Rate Explanation: Did not use rate
Of the federal expenditures presented in the schedule, OCCUD did not provide federal awards to subrecipients during the year