Notes to SEFA
Title: NOTE Basis of Presentation
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis. Such expenses are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expensesare not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Tuolumne Utilities District (the District) under programs of the federal government for year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the Districts operations, it is not intended to be and does not present the financial position, changes in financial position, or cash flows of the District.
Title: NOTE Program Costs/Matching Contributions
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis. Such expenses are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expensesare not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Districts portion, may be more than shown.
Title: NOTE Clusters of Programs
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis. Such expenses are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expensesare not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no clusters of the Districts federal programs during the year ended June 30, 2022.
Title: NOTE Subrecipients
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis. Such expenses are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expensesare not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no subrecipients of the Districts federal programs during the year ended June 30, 2022.
Title: NOTE Loan Program
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis. Such expenses are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expensesare not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District had no federal loan programs at June 30, 2022.