Title: Note 3 Drinking Water State Revolving Fund
Accounting Policies: The accompanying Schedule is prepared whereby eligible grant expenditures are recorded when reimbursement of the grant expenditures are received from the granting agency. Disaster Grants from the Department of Homeland Security are prepared on the same basis of accounting as the Districts financial statements using the accrual basis of accounting, whereby eligible grant expenditures are recorded when incurred (i.e., when goods are received, or services provided). Such expenditures are recognized following the cost principles in Uniform Guidance wherein certain types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are presented where available.The amount shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Snohomish County PUDs portion, are more than shown.
De Minimis Rate Used: N
Rate Explanation: The District is not eligible to use an indirect rate on these federal awards, therefore the de minimis indirect cost rate as described in 2 CFR 200.414 is not being utilized.
August 2018, the District entered into two loan agreements with a total of $6,251,709 to fund the projects of the Warm Beach Water Association consolidation. Funding was provided by the Environment Protection Agency, through the Drinking Water State Revolving Fund (DWSRF) programs of the Washington State Department of Health, which acted as the pass-through agency. As of December 31, 2021, the District has submitted costs for draws under the loan 2016-026 totaling $3,532,862 and received reimbursement of $2,665,165 for the year ended December 31, 2021. The District also submitted costs for draws under the loan 2017-2265 totaling $2,245,319 as of December 31, 2022 and received reimbursement for $1,620,148 during the year ended December 31, 2022. A final loan draw of $625,171 was recorded as a receivable at December 31, 2022.
Title: Note 4 Dept of Treasury Grant to WA DOC for Utility Residential Customer
Accounting Policies: The accompanying Schedule is prepared whereby eligible grant expenditures are recorded when reimbursement of the grant expenditures are received from the granting agency. Disaster Grants from the Department of Homeland Security are prepared on the same basis of accounting as the Districts financial statements using the accrual basis of accounting, whereby eligible grant expenditures are recorded when incurred (i.e., when goods are received, or services provided). Such expenditures are recognized following the cost principles in Uniform Guidance wherein certain types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are presented where available.The amount shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Snohomish County PUDs portion, are more than shown.
De Minimis Rate Used: N
Rate Explanation: The District is not eligible to use an indirect rate on these federal awards, therefore the de minimis indirect cost rate as described in 2 CFR 200.414 is not being utilized.
In November 2022, the District entered into a grant agreement with Washington State Department of Commerce to receive funds usable for Utility accounts with Arrearages from March 2020 to December 2021 related to COVID-19, meeting specific conditions. In December 2022, the District received and applied $11,190,099 to qualified Customer Accounts before December 31, 2022.
Title: Note 5 - Basis of Presentation
Accounting Policies: The accompanying Schedule is prepared whereby eligible grant expenditures are recorded when reimbursement of the grant expenditures are received from the granting agency. Disaster Grants from the Department of Homeland Security are prepared on the same basis of accounting as the Districts financial statements using the accrual basis of accounting, whereby eligible grant expenditures are recorded when incurred (i.e., when goods are received, or services provided). Such expenditures are recognized following the cost principles in Uniform Guidance wherein certain types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any property or equipment acquisitions incurred under federal programs. Pass-through identifying numbers are presented where available.The amount shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Snohomish County PUDs portion, are more than shown.
De Minimis Rate Used: N
Rate Explanation: The District is not eligible to use an indirect rate on these federal awards, therefore the de minimis indirect cost rate as described in 2 CFR 200.414 is not being utilized.
The accompanying Schedule of Expenditure of Federal Awards (Schedule) present the expenditure of federal awards f the Snohomish County Public District No. 1 (the District) for the year ended December 31, 2021. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (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 the District, it is not intended to and does not present the net position, changes in net position, or cash flows of the District.The Districts reporting entity is defined in Note 1 of the Districts financial statement. All federal awards from federal agencies are included in the Schedule.