Notes to SEFA
The accompanying Schedule of Federal Expenditures includes the activity of all federally assisted programs of the Bedford Regional Water Authority and is presented on the modified accrual basis of accounting. The information presented 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 Principals, and Audit Requirements for Federal Awards . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the Authority’s ACFR.
The entity did not elect to use the 10% de minimis indirect cost
At June 30, 2025, the Authority had no outstanding loan