Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance for the Hazard Mitigation Grant Program AL number 97.039.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Amador Water Agency (the Agency) under programs of the federal government for the year ended June 30, 2023. 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, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the Agency’s operations, it is not intended to be
and does not present the financial position, changes in net position, or cash flows of the Agency.
Title: PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance for the Hazard Mitigation Grant Program AL number 97.039.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Agency's portion, may be more than shown.
Title: CLUSTERS OF PROGRAMS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance for the Hazard Mitigation Grant Program AL number 97.039.
There were no clusters of the Agency’s federal programs during the year ended June 30, 2023.
Title: SUBRECIPIENTS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance for the Hazard Mitigation Grant Program AL number 97.039.
There were no subrecipients of the Agency’s federal programs during the year ended June 30, 2023.
Title: LOAN PROGRAMS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance for the Hazard Mitigation Grant Program AL number 97.039.
Loan programs with outstanding loan balances at June 30, 2023 included the Water and Waste Disposal
Systems for Rural Communities Program AL number 10.760, which had an outstanding balance of
$4,851,000.