Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal award activity of the Anthony Water and Sanitation District under programs of the federal government for the year ended June 30, 2025. The information in this SEFA 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 SEF A presents only a selected portion or 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 SEF A 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 did not elect to use the allowed 15% indirect cost rate.
The District has no federally funded insurance.
The District entered into agreements with the United States Department of Agriculture ("USDA") on May 12, 2020 for the wastewater treatment plant upgrades and expansion project. The outstanding balance of the loans as of June 30, 2025 are as follows: Program Title: Water and Waste Disposal Loans and Grants Assistance Listing No. 10.770 Amount Outstanding $8,726,077 Water and Waste Disposal Loans and Grants
TOTAL FEDERAL FINANCIAL ASSISTANCE PER SEFA 15,504,474 LESS WATER AND WASTE WATER DISPOSAL LOANS ( 8,726,077) FEDERAL GRANT REVENUE PER FINANCIAL STATEMENTS $6,778,397