Notes to SEFA
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of Siuslaw Soil & Water Conservation District (SSWCD) under programs of the federal government for the year ended June 30, 2025. The information in the SEFA is prepared 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 SEFA presents only a selected portion of the operations of SSWCD, it is not intended to and does not present the financial position and changes in net position.
Expenditures reported on the SEFA 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. SSWCD elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance