Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the federal grant activity for Hidalgo County Irrigation District No. 1. The reporting entity is defined in Note A to the District's financial statements. The information in this schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because SEFA presents only a selected portion of the operations of the District, it is not intended and does not present the financial position, changes in net position, or cash flows of the District.
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 of the District 's financial statements. Such expenses are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenses are not allowable or are limited to reimbursement. Federal grants are generally considered earned to the extent expenses made under the provisions of the grant are made. The District has elected not to use the 10 percent de minim is indirect rate allowed under the Uniform Guidance.
The following is a reconciliation of the Schedule of Federal Awards with the amount reported on the Statement of Activities and Changes in Net Position:
No amounts were passed through to sub-recipients for the year ended August 31, 2025.