Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Reporting Entity:The accompanying schedule of expenditures of federal awards (schedule) presents all activity or expenditureor all federal award programs of the Pine-Strawberry Water Improvement District (District) for the year endedJune 30, 2022. The Districts reporting entity is defined in note 1 of the basic financial statements. Allexpenditure of federal awards received directly from federal agencies as well as federal awards passedthrough other government agencies are included in the schedule.Basis of Accounting:This accompanying schedule has been prepared on the modified accrual basis of accounting. The informationin this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES (10.760) - Balances outstanding at the end of the audit period were 3646269.