Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of the St. Bernard Port, Harbor and Terminal District under programs of the federal government for the year ended June 30, 2025. 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 presents only a selected portion of the operations of the St. Bernard Port, Harbor and Terminal District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the St. Bernard Port, Harbor and Terminal District.
Accrued and Deferred Reimbursement Various reimbursement procedures are used for federal awards received by the St. Bernard Port, Harbor and Terminal District. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Payments to Subrecipients There were no payments to subrecipients for the fiscal year ended June 30, 2025.
The St. Bernard Port, Harbor and Terminal District has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.