Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Hancock County Public Service 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 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 Schedule presents only a selected portion of the operations of Hancock County Public Service District it is not intended to and does not present the financial position, changes in net assets, or cash flows of Hancock County Public Service District.
The loan program listed below are included in the Public Service District’s financial statements. The loan is included on the federal expenditures presented in the Schedule of Federal Awards. The balance of loans outstanding, net of estimated allowances for uncollectible amounts at June 30, 2025 consists of:
Certain federal programs require the District to contribute Federal (matching funds) to support the Federally-funded programs. The District has met its matching requirements. The Schedule does not include the expenditure of non-Federal matching funds.