Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
award activity of Waterworks District No. 9 of Ward 4, Calcasieu Parish, Louisiana (the District)
under programs of the federal government for the year ended December 31, 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 the District, it is not intended to and does not present the financial position,
changes in net position, or cash flows of the District.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The District has elected not to use the 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance.