Notes to SEFA
"The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Livingston Parish Sewer District under programs of the federal government for the year ended December 31 , 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Par 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 flow 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 reimbursements."
The District has not elected to use the 15% de minis indirect cost rate.