Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Forest View Acres Water District under programs of the federal government for the year ended December 31, 2025. Forest View Acres Water District’s federal awards had no cost sharing provisions. The information in the 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 present only a selected portion of the operations of the District, they are not intended to and do not present the financial position, changes in net assets, or cash flows.
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.
Forest View Acres Water District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The program titles and assistance listing numbers (ALNs) were obtained from the federal or pass-through grantor or the SAM.gov website.
During the year ended December 31, 2025, the District did not distribute any federal funding to sub-recipients.