Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Yakama Power under programs of the federal government for the nine months ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 Yakama Power, it is not intended to and does not present the financial position, changes in net position, or cash flows of Yakama Power.
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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Yakama Power has not elected to use the de minimis indirect cost rate. The Company utilizes the cost rate required by the grant funders (when applicable).
The US Department of Agriculture, Rural Utility Services awarded Yakama Power a loan guarantee for a maximum amount of $30,782,000. As of December 31, 2025, $26,313,149 was outstanding related to the infrastructure acquisition. During the year ended September 30, 2020, Yakama Power also borrowed $1 million from the US Department of Agriculture for COVID relief funding, $905,660 of which was outstanding at December 31, 2025.