Notes to SEFA
The accompanying schedule of expenditures of federal awards (“SEFA”) include the federal award activity of the Bayou Meto Regional Irrigation Water District (the “District”) under the program of the federal government for the year ended June 30, 2023. The information in the SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards
Expenditures reported on the SEFA are reported on the accrual basis of accounting. The District has elected to not use the 10% de minimis indirect cost rate allowed under the Uniformed Guidance.