Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The Metropolitan St. Louis Sewer District under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 Metropolitan St. Louis Sewer District, it is not intended to and does not present the financial position, changes in net position, or cash flows of The Metropolitan St. Louis Sewer District.
Expenditures reported on the Schedule are reported on the 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 Metropolitan St. Louis Sewer District has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance
Based on guidance from the U.S. Environmental Protection Agency, the Metropolitan St.Louis Sewer District corrected the following expenses identified, which were reported in the schedule of expenditures of federal awards for the year ended June 30, 2025 as corrections in schedule of expneditures for federal awards for the year ended June 30, 2025, as follows: