Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) is a supplementary schedule of Roy Water Conservancy District’s general purpose financial statements and is presented for purposes of additional analysis. Because the Schedule presents only a select portion of the activities of Roy Water Conservancy District, it is not intended to and does not present the financial position, changes in net position or the revenues or expenditures of Roy Water Conservancy District. The schedule is required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).