Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The McKinleyville Community Services District (District) include expenditures in its Schedule of Expenditures of Federal Awards (SEFA Schedule) for federal awards received indirectly by the District from a nonfederal agency, State of California California State Water Resources Control Board and federal awards received directly by the District from a federal agency, U.S Department of Homeland Security. Only the portion of program expenditures reimbursable with such federal funds is reported in the accompanyingschedule. Program expenditures in excess of the maximum federal reimbursement authorized or the portion of the program expenditures that was funded with other state, local, or other nonfederal funds are excluded from the accompanying SEFA schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
CAPITALIZATION GRANTS FOR CLEAN WATER STATE REVOLVING FUNDS (66.458) - Balances outstanding at the end of the audit period were 2037.