Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Natchitoches Parish Port, Louisiana, 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Port, it is not intended to and does not present the financial position or change in net position of the Port.
Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. 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.
The Port has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Port did not have any loan or loan guarantee programs outstanding as of December 31, 2024.
The Port did not receive any noncash assistance.
Federal awards received as a subrecipient are identified in the SEFA by the name of the pass-through entity and the pass-through entity's identifying number.
The amounts reported in the SEFA agree with the amounts reported in the Port's financial statements and Federal Financial Reports (FFRs).