Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Public Utility District No. 1 of Kittitas County, Washington and is presented on the 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The District has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Public
Utility District No. 1 of Kittitas County, Washington and is presented on the 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: Federal De Minimis Indirect Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Public Utility District No. 1 of Kittitas County, Washington and is presented on the 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The District has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Program Costs and Matching Contributions
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Public Utility District No. 1 of Kittitas County, Washington and is presented on the 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The District has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of program costs.
Entire program costs, including the District’s local matching share, may be more than shown. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Prior Year Expenditures
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Public Utility District No. 1 of Kittitas County, Washington and is presented on the 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The District has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Based on the nature of most grants from the Federal Emergency Management Agency (FEMA), it is common to have expenditures that are incurred in years prior to the year the award was granted. This is often the result of the timing of when a disaster occurs and when it is declared by the federal government. In many cases, projects are started by entities out of necessity before they are awarded funds. Under the Uniform Guidance, entities must record expenditures for the purpose of the SEFA only after FEMA as approved the project and eligible expenditures have been incurred. As such, these expenditures may not match to those in the financial statements. During the year ended December 31, 2024, the District recorded $987,615 on the SEFA relating to expenditures that were incurred in prior years.