Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Republican River Water Conservation 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 (CFR) 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 Republican River Water Conservation District, it is not intended to and does not present the financial position, changes in net position, or cash flows of Republican River Water Conservation District.
Expenditures reported on the Schedule are reported on the full accrual basis of accounting. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statement(s) of the federal program. 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.
Republican River Water Conservation District has elected not to use the 15% de minimis indirect cost rate as allowed under the Uniform Guidance.
Republican River Water Conservation District did not pass through any federal grants to subrecipients.
The District entered into contracts with well owners who voluntarily retire their large-capacity water right used for irrigation and in exchange are provided annual compensation. The contract length may vary. During the year, the District did not enter into any contracts to be paid with federal funds, with current year payments of $7,384,450 being reported as federal expenditures on the Schedule.