Title: Basis Of Presentation
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The expenditures for the program are reported in the schedule of expenditures of federal awards identify the federal funds received from the pass-through entities. The pass-through entities' identifying number is also presented.
De Minimis Rate Used: N
Rate Explanation: The 10% de minimis indirect cost rate was not used. The Federal expenditures include $46,521, an amount equal to 5% of the Federal share for indirect costs.
The accompanying schedule of expenditures of federal awards includes the federal activity of Laguna Irrigation District (The District) under programs of the federal government for the year ended December 31, 2024. 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. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the net position, changes in net position, or cash flows of the District
Title: Basis of Accounting
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The expenditures for the program are reported in the schedule of expenditures of federal awards identify the federal funds received from the pass-through entities. The pass-through entities' identifying number is also presented.
De Minimis Rate Used: N
Rate Explanation: The 10% de minimis indirect cost rate was not used. The Federal expenditures include $46,521, an amount equal to 5% of the Federal share for indirect costs.
Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The expenditures for the program are reported in the schedule of expenditures of federal awards identify the federal funds received from the pass-through entities. The pass-through entities' identifying number is also presented.
Title: Matching Costs
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The expenditures for the program are reported in the schedule of expenditures of federal awards identify the federal funds received from the pass-through entities. The pass-through entities' identifying number is also presented.
De Minimis Rate Used: N
Rate Explanation: The 10% de minimis indirect cost rate was not used. The Federal expenditures include $46,521, an amount equal to 5% of the Federal share for indirect costs.
Matching costs, the nonfederal share of certain program costs, are not included in the schedule.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The expenditures for the program are reported in the schedule of expenditures of federal awards identify the federal funds received from the pass-through entities. The pass-through entities' identifying number is also presented.
De Minimis Rate Used: N
Rate Explanation: The 10% de minimis indirect cost rate was not used. The Federal expenditures include $46,521, an amount equal to 5% of the Federal share for indirect costs.
The 10% de minimis indirect cost rate was not used. The Federal expenditures include $46,521, an amount equal to 5% of the Federal share for indirect costs.