Montemayor Britton Bender PC
CERTIFIED PUBLIC ACCOUNTANTS

PLUM CREEK CONSERVATION DISTRICTINDEPENDENT AUDITOR’S REPORTAND
FINANCIAL STATEMENTSSEPTEMBER 30, 2023

PLUM CREEK CONSERVATION DISTRICTTABLE OF CONTENTS
Independent Auditor’s Report

1-3Management’s Discussion and Analysis

4-7Statement of Net Position and Governmental Fund Balance Sheet

8

Statement of Activities and Governmental Fund Statement of Revenues, Expenditures
and Changes in Fund Balance

9

Notes to Financial Statements

10-17

Required Supplementary Information:
Budgetary Comparison Schedule General Fund

18

Texas Commission on Environmental Quality Supplementary Information:
Not Applicable Texas Supplementary Information

19

General Fund Expenditures

20

Temporary Investments

21

Taxes Levied and Receivable

22

Schedule of Revenues and Expenses - Five Years

23

Board Members, Key Personnel, and Consultants

24

Independent Auditor’s Report on Internal Control over Financial Reporting and on
Compliance and Other Matters Based on an Audit of the Financial Statements
Performed in Accordance with Government Auditing Standards

25-26

Independent Auditor’s Report on Compliance for Each Major Program and on Internal
Control Over Compliance Required by Uniform Guidance and State of Texas
Single Audit Circular

27-29

Schedule of Expenditures of Federal Awards

30

Schedule of Expenditures of State Awards

31

Schedule of Findings and Questioned Costs

32

Montemayor Britton Bender PC
CERTIFIED PUBLIC ACCOUNTANTS

Board of Directors and Management
Plum Creek Conservation District
INDEPENDENT AUDITOR’S REPORTOpinions
We have audited the accompanying financial statements of the governmental activities and the general fund of thePlum Creek Conservation District (District), as of and for the year ended September 30, 2023, and the related notes
to the financial statements, which collectively comprise the District’s basic financial statements as listed in the tableof contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities and the general fund of the District, as of September 30, 2023, andthe respective changes in financial position for the year then ended in accordance with accounting principles
generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America
and the standards applicable to financial audits contained in Government Auditing Standards, issued by theComptroller General of the United States. Our responsibilities under those standards are further described in the
Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be
independent of the District, and to meet our other ethical responsibilities, in accordance with the relevant ethicalrequirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance withaccounting principles generally accepted in the United States of America, and for the design, implementation, andmaintenance of internal control relevant to the preparation and fair presentation of financial statements that are freefrom material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events,
considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern
for twelve months beyond the financial statement date, including any currently known information that may raise
substantial doubt shortly thereafter.

2110 BOCA RATON DRIVE
BUILDING B, SUITE 102
AUSTIN, TEXAS 78747
PHONE: 512.442.0380
FAX: 512.442.0817

www.montemayor.team

Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free frommaterial misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions.
Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that
an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards
will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting
from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentionalomissions, misrepresentations, or the override of internal control. Misstatements are considered material if there
is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by areasonable user based on the financial statements.
In performing an audit in accordance with generally accepted auditing standards and Government AuditingStandards, we:•

Exercise professional judgment and maintain professional skepticism throughout the audit.

•

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, and design and perform audit procedures responsive to those risks. Such procedures include
examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

•

Obtain an understanding of internal control relevant to the audit in order to design audit procedures thatare appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectivenessof the District’s internal control. Accordingly, no such opinion is expressed.

•

Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluate the overall presentation of the financial statements.

•

Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise
substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit, significant audit findings, and certain internal control-related matters that we
identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion
and analysis and budgetary comparison information on pages 4-7 and 18 be presented to supplement the basic
financial statements. Such information is the responsibility of management and, although not a part of the basic
financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an
essential part of financial reporting for placing the basic financial statements in an appropriate operational,
economic, or historical context. We have applied certain limited procedures to the required supplementary
information in accordance with auditing standards generally accepted in the United States of America, which
consisted of inquiries of management about the methods of preparing the information and comparing theinformation for consistency with management’s responses to our inquiries, the basic financial statements, and otherknowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide
any assurance on the information because the limited procedures do not provide us with sufficient evidence toexpress an opinion or provide any assurance.

2

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise
the District’s basic financial statements. The accompanying schedules of expenditures of federal and state awards,
as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards and State of Texas Single Audit Circular, are presented
for purposes of additional analysis and are not a required part of the basic financial statements. Such informationis the responsibility of management and was derived from and relates directly to the underlying accounting andother records used to prepare the basic financial statements. The information has been subjected to the auditing
procedures applied in the audit of the basic financial statements and certain additional procedures, including
comparing and reconciling such information directly to the underlying accounting and other records used to prepare
the basic financial statements or to the basic financial statements themselves, and other additional procedures inaccordance with auditing standards generally accepted in the United States of America. In our opinion, theschedules of expenditures of federal and state awards are fairly stated, in all material respects, in relation to thebasic financial statements as a whole.
The supplemental information required by the Texas Commission on Environmental Quality (TCEQ) listed in thetable of contents is presented for purposes of additional analysis and is not a required part of the basic financial
statements. Such information is the responsibility of management and was derived from and relates directly to theunderlying accounting and other records used to prepare the basic financial statements. The information has been
subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional
procedures, including comparing and reconciling such information directly to the underlying accounting and otherrecords used to prepare the basic financial statements or to the basic financial statements themselves, and otheradditional procedures in accordance with auditing standards generally accepted in the United States of America.
In our opinion, the supplemental information required by the TCEQ is fairly stated, in all material respects, in
relation to the basic financial statements as a whole.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated January 4, 2024 on ourconsideration of the District’s internal control over financial reporting and on our tests of its compliance withcertain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report
is solely to describe the scope of our testing of internal control over financial reporting and compliance and theresults of that testing, and not to provide an opinion on the effectiveness of the District’s internal control overfinancial reporting or on compliance. That report is an integral part of an audit performed in accordance with
Government Auditing Standards in considering the District’s internal control over financial reporting andcompliance.

January 4, 2024
Austin, Texas

3

MANAGEMENT’S DISCUSSION AND ANALYSISSEPTEMBER 30, 2023
Our discussion and analysis of the Plum Creek Conservation District’s (District) financial performance provides an
overview of the District’s financial activities for the year ended September 30, 2023. Please review it inconjunction with the District’s financial statements, which follow this section.
FINANCIAL HIGHLIGHTS During the year, the District had expenditures of $16,813,774 compared to total revenues of $19,865,489
resulting in net revenues over expenditures of $3,051,715 for the year ended September 30, 2023.
The District’s cash and investments increased $3,084,433 for the fiscal year.

The District received grant funds of approximately $15,755,542 for rehabilitation of dams.

USING THIS ANNUAL REPORTThis annual report consists of a series of financial statements: The Statement of Net Position and the Statementof Activities provide information about the activities of the District as a whole and present a longer-term view of
the District’s finances. For governmental activities, these statements tell how these services were financed in the
short term as well as what remains for future spending.
Reporting the District as a Whole
One of the most important questions asked about the District’s finances is, “Is the District as a whole better off orworse off as a result of the year’s activities?” The Statement of Net Position and the Statement of Activities report
information about the District as a whole and about its activities in a way that helps answer this question. Thesestatements include all assets and liabilities using the accrual basis of accounting, which is similar to the accounting
used by most private-sector companies. All of the current year’s revenues and expenses are taken into accountregardless of when cash is received or paid. Revenue is recognized when it is collected, and expenses arerecognized when they are incurred.
These two statements report the District’s net position and changes in them. You can think of the District’s net
assets, the difference between assets and liabilities, as one way to measure the District’s financial health, or
financial position. Over time, increases or decreases in the District’s net position is one indicator of whether its
financial health is improving or deteriorating. You will need to consider other nonfinancial factors, however, suchas changes in the District’s property tax to assess the overall health of the District.
The net position of the District’s activities increased by $3,051,715. Unrestricted net position, the part of net
position that can be used to finance day-to-day operations without constraints established by debt covenants,
enabling legislation, or other legal requirements were $22,169,654 at September 30, 2023.
The District has sufficient revenues to pay the expenses of the District.

4

THE DISTRICT AS A WHOLE
The District’s total net position increased by $3,051,715 in the year ended September 30, 2023.
Our analysis below focuses on the net position (Table 1) and the changes in net position(Table 2) for the District’s activities.

Table 1Governmental
Activities
2023

2022

Current assets$ 27,384,993

Capital assets
Total assets
Current liabilities
Total liabilities$

21,548,363

699,527$ 28,084,521$

717,123
22,265,486$ 5,215,340$

2,448,020

5,215,340

2,448,020

699,527

717,123--

22,169,654$ 22,869,181

19,100,343
19,817,466

Net position:
Invested in capital assets
Restricted
Unrestricted
Total net position

Table 2$Governmental Activities
2023

Revenues:
Property Taxes
Investment Income2022$ 3,200,658$

3,068,945

909,288

138,387

Grant Income

15,755,542

5,978,813

Other Revenues
Total Revenues

19,865,489

2,365
9,188,510

363,321299,652

16,117,248

6,046,732

Directors' Expenses

18,25024,250

Office Supplies and Expenses

18,88525,256

Travel and Contract Labor

11,425

21,163Tax Collection/Appraisal Fees

37,922

51,944

Professional Fees

146,991

178,143

Other Expenses

82,13739,257

Depreciation

17,595

17,842

16,813,774
3,051,715
19,817,466$ 22,869,181

6,704,239
2,484,271
17,333,195
19,817,466

Expenses:
Salaries and Wages
Operations, Maintenance and Repairs

Total Expenses
Increase in net position
Beginning net position
Ending net position$

5

General Fund Budgetary Highlights
The actual General Fund had excess of revenues over budgeted amounts of $14,928,698 and expenses in excess
of budgeted amounts of $13,207,120. The reasons for the budget differences included the following:
The reasons for the budget difference included the following:

Revenues and expenses related to rehabilitation and repairs were higher than expected by $13,767,202
and $13,550,241, respectively, due to projects being difficult to predict when they will start and how
much the bids will come in at.



Investment income was $909,289 higher than anticipated due to unexpected increases in the TexPool
interest rate.

General Fund Analysis
The District’s general fund balance increased $1,893,598 over prior year. Total revenue earned increased to$17,977,149 in fiscal year 2023 from $7,605,984 in fiscal year 2022. This increase was related to a significant
increase in grant funding for rehabilitation and repair projects, increased tax assessments and an increase ininvestment income. Expenses increased to $16,083,551 in fiscal year 2023 from $6,112,131 in fiscal year 2022.
This increase was primarily related to the increase in rehabilitation and repair projects.
Capital Asset and Debt Administration
Capital Assets
At September 30, 2023, the District had $699,527 invested in capital assets. Of this amount, $293,741 was landand easements, and buildings and equipment, net of depreciation, were $405,786. Total accumulated
depreciation was $229,300.
Debt Administration
As of September 30, 2023, the District has not yet incurred any long-term debt since its inception.
Economic Factors and Next Year’s Budgets and Rates
The District’s appointed officials considered many factors when setting the fiscal year 2024 budget and tax rates.
One of those factors is the economy and estimated needs to operate the District in the next year.
Governmental Accounting Standards Board (GASB) Statement No. 44, Economic Condition Reporting provides for
supplemental information relevant to the following areas:
Financial Trends, Revenue Capacity, Debt Capacity, Demographic and Economic Information and Operating
Information. The tax revenue is based on the growth of Hays and Caldwell counties and as the tax base increases,
the revenue capacity increases. No major taxpayer has an effect on this area. The District has no debt at thecurrent time. The District continues to provide maintenance and ongoing services to the customers of the District
while keeping informed of current issues and responding to the relevant needs of the District.
The District is engaged in negotiations and has an agreement with the federal government for financial assistancewhich will provide the funds for repairs and maintenance to several of the high hazard dams.
6

The District is engaged in negotiations and has an agreement with the federal government for financial assistancewhich will provide the funds for repairs and maintenance to several of the high hazard dams.
Contacting the District’s Financial Management
This financial report is designed to provide the taxpayers with a general overview of the District’s finances and toshow the District’s accountability for the money it receives. If you have questions about this report or needadditional financial information, contact the District’s office at:
Mr. Daniel Meyer, Executive Manager
Plum Creek Conservation District
1101 W. San Antonio St.
Lockhart, Texas 78644
Telephone (512) 398-2383

7

PLUM CREEK CONSERVATION DISTRICTSTATEMENT OF NET POSITION AND GOVERNMENTAL FUND BALANCE SHEETSEPTEMBER 30, 2023
GeneralFundASSETS
Cash

Adjustments(Note 9)Statement of
Net Position$81,263$81,263

Short-term investments

22,058,865

22,058,865

Property taxes receivable

140,802140,802

5,104,064

5,104,064

Grants receivable
Capital assets:
Land and easements

0293,741

293,741

Capital assets, net of accumulated depreciation

0405,786

405,786$27,384,994

28,084,521

Accounts payable$3,888,035

3,888,035

Retainage payable0

1,265,291

1,265,291

5,802

56,21262,014

LIABILITIES

Accrued payroll

3,893,837

5,215,340

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue- property taxes
Unavailable revenue- grants

140,802(140,802)02,470,139(2,470,139)02,610,941

0

FUND BALANCES
Unassigned

20,880,216(20,880,216)

0699,527

699,527

22,169,654

22,169,654$27,384,994
NET POSITION
Net investment in capital assets
Unrestricted$22,869,181

The accompanying notes are an integral part of this financial statement presentation.
8

PLUM CREEK CONSERVATION DISTRICTSTATEMENT OF ACTIVITIES AND GOVERNMENTAL FUND STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCEYEAR ENDED SEPTEMBER 30, 2023
General Fund

Adjustments(Note 9)Statement of
Activities$15,265,192

680,278$15,945,470

Payroll and related

330,971

32,350363,321

Operations and maintenance

171,778

171,778

Legal fees

82,56882,568Consultants

49,08549,085

Tax collection/appraisal district fees

37,92237,922

Office supplies

18,885

18,885

Directors’ fees

18,25018,250Accounting

15,33815,338Travel and entertainment

11,425

11,425

Other82,137

82,137EXPENSES/EXPENDITURES
Rehabilitation and repairs

Depreciation

0

17,59516,083,551

17,595
16,813,774

PROGRAM REVENUES
Non-capital grants

13,867,202

1,888,340

15,755,542

GENERAL REVENUES
Property taxes

3,200,658

3,200,658

909,289

909,289

17,977,149

19,865,489

Revenue over expenses/expenditures

1,893,598

3,051,715

Beginning fund balance/net position

18,986,618

Ending fund balance/net position$20,880,216

Investment income

830,848

The accompanying notes are an integral part of this financial statement presentation.
9

19,817,466$22,869,181

PLUM CREEK CONSERVATION DISTRICTNOTES TO FINANCIAL STATEMENTSNOTE 1: REPORTING ENTITY
The Plum Creek Conservation District (District) is a conservation and reclamation district thatwas created by the 55th Legislature of the State of Texas and confirmed by the eligible voterswithin the Plum Creek Watershed in September 1959. It was created under the provisions ofSection 59 Article XVI of the Texas constitution and operates pursuant to Chapter 49 of the
Texas Water Code exercising powers described in Chapters 51 and 36 of the Texas Water Code.
Under Chapter 52, the District is empowered to control, conserve, protect, distribute and utilize
the storm and flood waters and unappropriated flow of Plum Creek and for the preservation,conservation, protection, recharge and prevention of waste and pollution of underground waterof the District, except in those areas that are part of the Edwards Underground District or the
Barton Springs/Edwards Aquifer Conservation District on January 1, 1989.
In evaluating how to define the District, for financial reporting purposes, management has
considered all potential component units. The decision to include a potential component unit
in the reporting entity is made by applying the criteria set forth in generally accepted accounting
principles. The District is a separate self-supporting governmental unit covering portions of two
counties and is administered by a board of six members who are appointed by theCommissioners of each county. The District is in compliance with the requirements of Texas
Water Codes 50.371, Duty to Audit, and 50.381, Policies and Audits of Districts.
NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe accounting and reporting policies of the District conform to U.S. generally accepted
accounting principles applicable to state and local governments promulgated by theGovernmental Accounting Standards Board (GASB) and the American Institute of Certified
Public Accountants (AICPA). The following is a summary of the significant accounting
policies.
GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS
The District is considered a special purpose government under GASB Statement No. 34. This
allows the District to present the required fund and government-wide statements in a single
schedule. The requirement for fund financial statements to be prepared on the modified
accrual basis of accounting is met with the “General Fund” column. An adjustment column
includes those entries needed to convert to the full accrual basis government-wide statements.
The Statement of Net Position and the Statement of Activities are government-wide financial
statements. They report information on all of the District’s activities. The District services aresupported primarily by general revenues, including property taxes and investment income.
Additionally, the District receives some grant revenue. The Statement of Activities
demonstrates how the District used revenue and demonstrates how direct expenses of a givenfunction are offset by program revenues.

10PLUM CREEK CONSERVATION DISTRICTNOTES TO FINANCIAL STATEMENTSNOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESMEASUREMENT FOCUS AND BASIS OF ACCOUNTING
The government-wide financial statements are reported using the flow of economic resources
measurement focus and the full accrual basis of accounting. Revenues are recorded whenearned and expenses are recorded when a liability is incurred, regardless of the timing ofrelated cash flows. Taxes are recognized as revenues in the year for which they are levied.
Governmental fund financial statements use the modified accrual basis of accounting. Thisbasis of accounting recognizes revenues in the period in which they become susceptible toaccrual, i.e. both measurable and available. Revenues are considered to be available when they
are collectible, within the current period or soon enough thereafter to pay liabilities of thecurrent period (defined by the District as collected within 60 days of year end). Expenditures
are generally recognized under the modified accrual basis of accounting when the related fundliability is incurred. The reported fund balance of governmental funds is considered a measureof available spendable resources. The revenues susceptible to accrual are property taxes, grantincome, and investment income. All other governmental revenues are recognized when
received, as they are deemed immaterial.
NET POSITION
Net position represents the difference between assets, deferred outflows and inflows, andliabilities. Net position invested in capital assets consists of capital assets, net of accumulated
depreciation. Net position is reported as restricted when there are limitations imposed on its
use either through the enabling legislation adopted by the District or through external
restrictions imposed by creditors, grantors or laws or regulations of other governments. Whenboth restricted and unrestricted resources are available for use, it is the District’s policy to use
restricted resources first and then unrestricted resources as they are needed.
FUND BALANCES
Fund balance of governmental funds is reported in various categories based on the nature of
any limitations requiring the use of resources for specific purposes. The District can establish
limitations of the use of resources through either a commitment or an assignment. When both
unassigned and committed or assigned funds are available for expenditure, committed orassigned funds are used first.
Nonspendable fund balances are amounts that cannot be spent because they are not in a
spendable form or legally or contractually required to be maintained in tact. Committed fundbalances include amounts that can only be used for specific purposes determined by a formal
action of the Board or adoption of an ordinance. Limitations imposed by commitments remainin place until formal Board action is taken to remove the limitation. Amounts in the assigned
fund balances are intended to be used by the District for specific purposes but do not meet thecriteria to be committed. Assignments are generally temporary and do not require Board
action to be taken to remove the assignment.
11

PLUM CREEK CONSERVATION DISTRICTNOTES TO FINANCIAL STATEMENTSNOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESDEFERRED OUTFLOWS/INFLOWS OF RESOURCES
The statement of net position and governmental funds balance sheet reports a separate section
for deferred outflows of resources representing a consumption of net position that applies toa future period and is not recognized as an outflow of resources in the current period. Theseamounts are deferred and recognized as an outflow of resources in the period the amounts
become due. The District does not have any deferred outflows. The statement of financial
position and governmental funds balance sheet reports a separate section for deferred inflowsof resources representing an acquisition of net position that applies to a future period and is
not recognized as an inflow of resources or revenue until that time. The District has two items
which qualify for reporting in this category- deferred inflows from unavailable property tax
revenue and unavailable grant revenue. These amounts are deferred and recognized as an
inflow of resources in the period the amounts become available.
BUDGETThe District adopts annual budgets for the General Fund. The District amends the budgets asneeded during the year. All annual appropriations lapse at fiscal year end. Certain revenue andexpenses were different than budgeted, resulting in higher than budgeted fund balance.
Primarily, property tax revenue, grants, investment income and rehabilitations and repairs
expenses were more than anticipated; and payroll and related and professional fees were lessthan budgeted.
SHORT-TERM INVESTMENTS
All short-term investments at year end were held in certificates of deposits, which arerecorded at cost, and investments in the Texas Local Government Investment Pool (TexPool).
TexPool uses amortized cost, which approximates fair value.
CAPITAL ASSETS
Assets with a value of $5,000 or more and useful life or two year or more are capitalized.
Capital assets are recorded at historical cost or estimated historical cost if actual historical cost
is not available. Donated capital assets are recorded at their estimated fair value at the dateof the donation. Repairs and maintenance are recorded as expenditures or expenses; renewals
and betterments are capitalized. Depreciation has been calculated on each class of depreciable
property using the straight-line method.
Furniture and equipment

5-10 years

Buildings

40 years

12

PLUM CREEK CONSERVATION DISTRICTNOTES TO FINANCIAL STATEMENTSNOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESCOMPENSATED ABSENCES
Accruals for compensated absences are based on years of service with the District. Hours may
be accrued up to a maximum allowable amount based on the preceding 52 pay periods.
ESTIMATESThe preparation of financial statements in conformity with U.S. generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities of the financial statements and the reported amounts ofrevenues and expenses during the reported period. Actual results could differ from thoseestimates.
NOTE 3: DEPOSITS AND INVESTMENTS
At year end, the District had $1,304,614 invested in cash and certificates of deposit.
Additionally, the District had $20,835,514 invested in TexPool.
Interest Rate Risk
Interest rate risk is the potential for a decline in market value due to rising interest rates. The
District does have a formal investment policy in place. The District’s cash and cash equivalents
are currently invested in short-term instruments such as certificates of deposits, money market
funds and an interest-bearing checking account.
Credit Risk
The Board has authorized the District under a written investment policy to invest funds incompliance with V.A.T.C.S Government Code, Title 10, Chapter 2256 (the Public Funds
Investment Act of 1993). Investment vehicles authorized by Chapter 2256 include, but are notlimited to, certificates of deposit, obligations backed by the U.S. and state governments, andpublic fund investment pools. All investments at year end were held in the Texas Local
Government Investment Pool (TexPool). TexPool investments are carried at amortized cost,which approximates fair value. The State Comptroller oversees TexPool, with Federated
Investors managing the daily operations of the pool under a contract with the State Comptroller.
TexPool is a 2(a)7 like fund, which means that it is structured similar to a money market mutual
fund. It allows shareholders the ability to deposit or withdraw funds on a daily basis. Such funds
seek to maintain a constant net asset value of $1.00, although this cannot be fully guaranteed.
TexPool is rated AAAm (the highest rating a local government investment pool can achieve)
and must maintain a dollar weighted average maturity not to exceed 60 days, which is the limit.
At year end, the TexPool portfolio had a weighted average maturity of 28 days.

13

PLUM CREEK CONSERVATION DISTRICTNOTES TO FINANCIAL STATEMENTSNOTE 3: DEPOSITS WITH FINANCIAL INSTITUTIONS
However, the District considers the holdings in these funds to have a one day weighted average
maturity because the share position can usually be redeemed each day at the discretion of theshareholder, unless there has been a significant change in value.
Custodial Credit Risk
In the case of deposits, this is the risk that in the event of a bank failure, the District’s deposits
may not be returned to it. As of year end, the District had approximately $330,000 in
uncollateralized cash deposits in excess of federal depository insurance coverage. The District
has not experienced any losses due to custodial credit risk.
NOTE 4: RETIREMENT PLAN
The District has a defined contribution benefit plan, a Simple IRA, for eligible employees. The
District’s contribution to the plan for the fiscal year was $6,705.
NOTE 5: CAPITAL ASSETS
Beginning
Balance

Additions

DeletionsEndingBalance$293,741$0$0$293,741

Building

581,39300581,393

Furniture and equipment

53,6930053,693

Total capital assets being depreciated635,08600635,086

Building(157,134)(14,535)

0(171,669)

Furniture and equipment(54,571)(3,060)0(57,631)

Total accumulated depreciation(211,705)(17,595)

0(229,300)

Net capital assets being depreciated423,381(17,595)

0405,786$717,122($17,595)$0$699,527

Capital assets not being depreciated:
Land and easements
Capital assets being depreciated:

Accumulated depreciation:

The District is responsible for maintaining Floodwater Retarding Structures originally valued
at a cost of $3,221,476, however the District does not own the structures.

14

PLUM CREEK CONSERVATION DISTRICTNOTES TO FINANCIAL STATEMENTSNOTE 6: PROPERTY TAXESThe District’s property taxes are levied each October 1, and are payable by the following
January 31, on 100% of assessed value listed for all real and personal property located in theDistrict. Assessed values are established by the Caldwell County and the Hays County Tax
Appraisal Districts and are collected by the Caldwell County and Hays County Tax
Assessors/Collectors. Property taxes attach as an enforceable lien on property as of January 1of each year.
Since an enforceable lien attaches to the taxed properties, the District considers all delinquenttax receivables to be fully collectible. Accordingly, no allowance for doubtful accounts isrequired. The tax rates for fiscal year 2023 for Hays and Caldwell Counties, respectively, were$.0159 (conservation) and $.0162 (groundwater) per $100 assessed valuation.
NOTE 7: RISK MANAGEMENTThe District is exposed to various risks of loss related to torts, theft, damage and destruction ofassets, errors and omissions, injuries to employees and natural disasters. The District insuresagainst these risks through participation in the Texas Water Conservation Association Risk
Management Fund, a pool consisting of Texas water districts and authorities. The District pays
premiums for its general liability, property, auto and workers’ compensation coverage. The
District’s risk is limited to the amount of premiums paid unless the pool should fail, in whichcase, the District would be liable for its ratable share of the pool deficit.
NOTE 8: COMMITMENTS
At year end, the District had the following commitments for contracts related to dam
rehabilitation and repairs:
Remaining
Commitment
at September
30, 2023

Vendor Name

Site #

Total
Contract
AmountSolid Bridge Construction, LLC

10$5,143,870$206,005

Montoya Anderson Construction, Inc.

2

8,499,315

980,726

Sequoia Services, LLC

21

12,036,290

3,413,975$25,679,475$4,600,706

15

PLUM CREEK CONSERVATION DISTRICTNOTES TO FINANCIAL STATEMENTSNOTE 9: RECONCILIATION OF FUND FINANCIAL STATEMENTS TO GOVERNMENTWIDE
Fund balance - general fund

$20,880,216

Capital assets used in governmental activities are not financial resources
reported in the general fund.

699,527

Property taxes receivables are deferred inflows in the fund financial
statements and not in the government-wide financial statements.

140,802

Grant receivables related to reimbursements expected to be received morethan 60 days after year end are deferred inflows in the fund financial
statements and not in the government-wide financial statements

2,470,139

Long-term accrued leave expected to paid more than 60 days after year
end is not reported in the fund financial statements.

(56,212)Long-term retainage payable expected to be paid more than 60 days after
year end is not reported in the fund financial statements(1,265,291)

Net position - governmental activities$22,869,181

Change in fund balance- general fund

$1,893,598

Depreciation expense not recorded in the fund financial statements.

(17,595)

Change in accrued leave not reported in the fund financial statements(32,350)

Retainage payable not reported in the fund financial statements(680,278)

Receivables not collected within 60 days after year end are considered
unavailable and thus not recorded as revenue in the fund financial
statements but are recorded in the government-wide financial statements.

1,888,340

Change in net position - governmental activities$3,051,715

NOTE 10: OTHER MATTERS
The District has been advised by the Natural Resources Conservation Service (NRCS) thattwenty-three watershed sites have been classified as high hazard. As required by 30 TAC§299.61 an owner of a high hazard dam shall prepare an emergency action plan (EAP). The
District has prepared and submitted multiple EAPs and subsequently has been approved by
the Texas Commission on Environmental Quality. These dams are site # 1, #2, #3, #4, #5, #6,#7, #10, #12, #14, #16, #17, #18, #21, #24, #26, #28, #29, #31, #34, and #38.

16

PLUM CREEK CONSERVATION DISTRICTNOTES TO FINANCIAL STATEMENTSNOTE 10: OTHER MATTERS
The District is involved in ongoing discussions with their counsel and NRCS to pursue
options available under federal grants. The District has had the following developments withrespect to the repair of the high hazard dams.
Sites 2, 10 and 21 - The District received grant funds in connection with NRCS and Texas
State Soil and Water Conservation Board (TSSWCB), through the United Stated Departmentof Agriculture, and its Watershed Rehabilitation Program and TSSWCB’s grant program for
repairs and upgrades to be able to pass 75% of the Probable Maximum Flood event. Sites 10
and 21 expenses are reimbursed by federal grant for 65%, state grant funds for 33.25% andthe District is responsible for 1.75% of the costs. The in-kind reimbursement that the District
receives for Sites 10 and 21 for administrative and land rights and legal costs is reimbursed
at 33.25% for state and 65% for federal.
Site 2 expenses are reimbursed by a state grant at 98.25% of construction costs plus
administrative reimbursement of 2.25% of the construction cost reimbursement.
There are currently three District dams under rehabilitation, sites #2, #10 and #21. In
addition, there are three other dams being considered for rehabilitation, those being sites #12,
#14, and #28.

17

PLUM CREEK CONSERVATION DISTRICTBUDGETARY COMPARISON SCHEDULE
GENERAL FUNDFOR THE YEAR ENDED SEPTEMBER 30, 2023
Original& Final
BudgetRevenues:
Property taxes
Non-capital grants
Investment income
Other
Total revenues$

Expenditures:
Rebabilitation and repairs
Payroll and related
Operations and Maintenance
Professional FeesTax Collection/Appraisal District Fees
Office Supplies
Directors' Fees
Travel and entertainment
Other
Total Expenditures

2,938,251
100,000
10,2003,048,451

Actual$3,200,658
13,867,202
909,289
17,977,149

Variance
Favorable(Unfavorable)$

262,407
13,767,202
909,289(10,200)
14,928,698

1,714,951
427,380
250,000
296,000
65,00040,00044,50038,6002,876,431

15,265,192
330,971
171,778
146,991
37,922
18,885
18,25011,425
82,137
16,083,551(13,550,241)
96,40978,222
149,009
27,078
21,11526,25027,175(82,137)(13,207,120)

Excess (Deficit) of Revenues
Over (Under) Expenditures

172,020

1,893,598

1,721,578

Fund Balances - Beginning

18,986,618

18,986,618-

Fund Balances - Ending$ 19,158,638$ 20,880,216$ 1,721,578

See Independent Auditor's Report.
18

PLUM CREEK CONSERVATION DISTRICT
Texas Supplementary Information
For the Year Ended September 30, 2023

TSI-1

Services and Rates

Not Applicable

TSI-5

Long Term Debt Service Requirements by Years

Not Applicable

TSI-6

Changes on Long-Term Bonded Debt

Not Applicable

See Independent Auditor's Report.
19

PLUM CREEK CONSERVATION DISTRICT
TSI-2 General Fund Expenditures
For the Year Ended September 30, 2023

Personnel Expenditures (including benefits)$

330,971

Professional Fees:
Auditing
Legal

15,33882,568Consultants

49,085Contracted Services:
Appraisal District
Tax Collector

37,922-

Utilities-

Repairs and Maintenance

15,436,970

Administrative Expenditures:
Directors' Fees
Office Expenses
Insurance
Other
Capital Outlay:
Capitalized Assets
Total Expenditures

18,25018,88593,562$ 16,083,551* Number of persons employed by the District:

Full-time4Part-time0

See Independent Auditor's Report.
20

PLUM CREEK CONSERVATION DISTRICT
TSI-3 Temporary Investments
For the Year Ended September 30, 2023

Identification/
Certificate #Interest
Rate

8106221.350%

N/A

0280 0000 01

5.320%

N/A

20,835,514

Certificate of Deposit

10810

4.500%

8/28/2024

217,714

Certificate of Deposit

6901413330

3.900%

11/24/2023

225,000

Certificate of Deposit

2187

4.750%

5/27/2024

223,000

Certificate of Deposit748

4.450%

5/4/2024

235,268

Certificate of Deposit

30043

3.000%

3/27/2024

224,905

Funds
Money Market
TexPool

Maturity
Date

Total

Balance
at 9/30/23$

97,464$ 22,058,865

See Independent Auditor's Report.
21

PLUM CREEK CONSERVATION DISTRICT
TSI-4 Taxes Levied and Receivable
For the Year Ended September 30, 2023

TAXES
140,8073,176,709(15,305)
3,302,211

Taxes Receivable, Beginning of Year2022 Original Tax Levy
(less abatements & adjustments)
Total to be accounted forTax collections:
Current Year
Prior Years
Total Collections$

Taxes Receivable, End of Year$

140,802$

17,970
2,387
2,778
3,661
3,844
4,545
5,623
6,871
11,062
14,62821,54945,884140,802

Taxes Receivable, By Years2011 and prior
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Taxes Receivable, End of Year

Property Valuations:(3,126,140)(35,269)(3,161,409)$

2022$ 9,896,289,720

Maintenance tax rates per $100 Valuation$0.0321

Percent of Taxes Collected to Taxes Levied:

94.67%

See Independent Auditor's Report.
22

PLUM CREEK CONSERVATION DISTRICTTSI - 7 SCHEDULE OF REVENUES AND EXPENSES
FIVE YEARS ENDEDSEPTEMBER 30, 2023

General Fund Revenues:
Property taxes
Investment income
Grant Income
Other
TOTAL REVENUES
General Fund Expenses:
Salaries and Wages
Operations, Maintenance and Repairs
Director's Expenses
Office Supplies and Expenses
Legal, Consultants and Accounting
Travel and Contract LaborTax Collection/Appraisal Fees
Insurance
Other expenses
Capital outlay
TOTAL EXPENSES
EXCESS REVENUEOVER EXPENDITURES

2023

2022

For the Years Ended
September 30,
2021$ 3,200,658
909,288
13,867,202
17,977,148$ 3,068,218
138,387
5,397,014
2,365
8,605,984$ 2,803,214
17,175
469,440
3,289,829$ 2,481,011
126,639
480,526
8,942
3,097,118

330,971
15,436,970
18,25018,885
146,991
11,42537,922
82,137
16,083,551

310,399
5,461,719
24,25054,705
178,143
21,163
51,944
9,808
6,112,131

266,046
465,065
19,25044,464
106,197
10,23640,363
10,020961,641

276,371529,647
17,20439,191
112,384
13,10529,3288,168
1,025,397$ 1,893,598$ 2,493,853$ 2,328,188$ 2,071,721

2020
$

$

2019

2023

Percent of Total
Revenue for the Year
Ended September 30,
2022
2021
2020

2,239,864
260,485
1,149,604
50,5963,700,549

17.80%
5.06%
77.14%
0.00%
100.00%35.65%
1.61%
62.71%
0.03%
100.00%85.21%
0.52%
14.27%
0.00%
100.00%80.11%
4.09%
15.52%
0.29%
100.00%60.53%
7.04%
31.07%
1.37%
100.00%302,7131,290,142
25,135
21,971
139,795
17,58033,3138,146
81,775
1,920,569

1.84%
85.87%
0.10%
0.11%
0.82%
0.06%
0.21%
0.00%
0.46%
0.00%
89.47%

3.61%
63.46%
0.28%
0.64%
2.07%
0.25%
0.60%
0.11%
0.00%
0.00%
71.02%

8.09%
14.14%
0.59%
1.35%
3.23%
0.31%
1.23%
0.30%
0.00%
0.00%
29.23%

8.92%
17.10%
0.56%
1.27%
3.63%
0.42%
0.95%
0.26%
0.00%
0.00%
33.11%

8.18%
34.86%
0.68%
0.59%
3.78%
0.48%
0.90%
0.22%
0.00%
2.21%
51.90%

1,779,980

10.53%

28.98%

70.77%

66.89%

48.10%

See Independent Auditor's Report.
23

2019

PLUM CREEK CONSERVATION DISTRICT
TSI-8 Board Members, Key Personnel, and Consultants
September 30, 2023

Complete District Mailing Address:

District Business Telephone No.:

Name

1101 W. San Antonio St.
Lockhart, TX 89644(512) 398-2383
Term of OfficeAppointed

Board Members:
James Holt, Jr

12/31/20-12/31/24

Peter Reinecke

12/31/20-12/31/24

Fred Rothert

Fees of
Office Paid
2023

Expense
Reimb
2023

$

$

Residentof District?

288

President

Yes

3,750

191

VP

Yes

12/31/22-12/31/26

3,500

340

Director

Yes

Lucy Knight

12/31/20-12/31/24

3,500

18

Sec/TreasYes

Tom Owen

12/31/22-12/31/26

3,500

269

DirectorYes

Key Administrative Personnel:
Daniel Meyer

4,000

Title atYear End$

97,692

William Feathergail Wilson, Geologist$

43,318Jansen and Gregorczyk CPA's

$

2,338

McCarthy & McCarthy$

69,886

Consultants:

See Independent Auditor's Report.
24

Montemayor Britton Bender PC
CERTIFIED PUBLIC ACCOUNTANTS

Board of Directors and Management
Plum Creek Conservation District
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL
STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
We have audited, in accordance with the auditing standards generally accepted in the United States of America andthe standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller
General of the United States, the financial statements of the governmental activities and the general fund of Plum
Creek Conservation District (District) as of and for the year ended September 30, 2023, and the related notes tothe financial statements, which collectively comprise the District’s basic financial statements, and have issued ourreport thereon dated January 4, 2024.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control overfinancial reporting (internal control) as a basis for designing audit procedures that are appropriate in thecircumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an
opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
misstatements, on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal
control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements
will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a
combination of deficiencies, in internal control that is less severe than a material weakness, yet important enoughto merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section andwas not designed to identify all deficiencies in internal control that might be material weaknesses or significant
deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that
we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist thatwere not identified.

2110 BOCA RATON DRIVE
BUILDING B, SUITE 102
AUSTIN, TEXAS 78747
PHONE: 512.442.0380
FAX: 512.442.0817

www.montemayor.team

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material
misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant
agreements, noncompliance with which could have a direct and material effect on the financial statements.
However, providing an opinion on compliance with those provisions was not an objective of our audit, andaccordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncomplianceor other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and theresults of that testing, and not to provide an opinion on the effectiveness of the District’s internal control or oncompliance. This report is an integral part of an audit performed in accordance with Government AuditingStandards in considering the District’s internal control and compliance. Accordingly, this communication is notsuitable for any other purpose.

January 4, 2024
Austin, Texas

26

Montemayor Britton Bender PC
CERTIFIED PUBLIC ACCOUNTANTS

Board of Directors and Management
Plum Creek Conservation District
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM AND ON
INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY UNIFORM GUIDANCE AND THE STATEOF TEXAS SINGLE AUDIT CIRCULAR
A.

Report on Compliance for Each Major Federal and State Program
Opinion on Each Major Federal and State Program
We have audited the District’s compliance with the types of compliance requirements identified as subject
to audit in the OMB Compliance Supplement that could have a direct and material effect on each of theDistrict’s major federal and state programs for the year ended September 30, 2023. The District’s major
federal and state programs are identified in the summary of auditor’s results section of the accompanying
schedule of findings and questioned costs.
In our opinion, the District complied, in all material respects, with the types of compliance requirements
referred to above that could have a direct and material effect on each of its major federal and state programsfor the year ended September 30, 2023.
Basis for Opinion on Each Major Federal and State Program
We conducted our audit of compliance in accordance with auditing standards generally accepted in the UnitedStates of America; the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States; the audit requirements of Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance), and the State of Texas Single Audit Circular. Our responsibilities underthose standards, the Uniform Guidance, and the State of Texas Single Audit Circular are further described in
the Auditor’s Responsibilities for the Audit of Compliance section of our report.
We are required to be independent of the District and to meet our other ethical responsibilities, in accordancewith relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal and state
program. Our audit does not provide a legal determination of the District’s compliance with the compliancerequirements referred to above.

2110 BOCA RATON DRIVE
BUILDING B, SUITE 102
AUSTIN, TEXAS 78747
PHONE: 512.442.0380
FAX: 512.442.0817

www.montemayor.team

Responsibilities of Management for ComplianceManagement is responsible for compliance with the requirements referred to above and for the design,
implementation, and maintenance of effective internal control over compliance with the requirements of laws,
statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the District’s federal
and state programs.
Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliancerequirements referred to above occurred, whether due to fraud or error, and express an opinion on theDistrict’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absoluteassurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted
auditing standards, Government Auditing Standards, the Uniform Guidance, and the State of Texas Single
Audit Circular will always detect material noncompliance when it exists. The risk of not detecting material
noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Noncompliance with the compliance requirements referred to above is considered material if there is a
substantial likelihood that, individually or in the aggregate, it would influence the judgment made by areasonable user of the report on compliance about the District’s compliance with the requirements of eachmajor federal and state program as a whole.
In performing an audit in accordance with generally accepted auditing standards, Government AuditingStandards, the Uniform Guidance, and the State of Texas Single Audit Circular we:•

Exercise professional judgment and maintain professional skepticism throughout the audit.

•

Identify and assess the risks of material noncompliance, whether due to fraud or error, and design andperform audit procedures responsive to those risks. Such procedures include examining, on a test
basis, evidence regarding the District’s compliance with the compliance requirements referred toabove and performing such other procedures as we considered necessary in the circumstances.

•

Obtain an understanding of the District’s internal control over compliance relevant to the audit inorder to design audit procedures that are appropriate in the circumstances and to test and report oninternal control over compliance in accordance with the Uniform Guidance and the State of Texas
Single Audit Circular, but not for the purpose of expressing an opinion on the effectiveness of theDistrict’s internal control over compliance. Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance regarding, among other matters, theplanned scope and timing of the audit and any significant deficiencies and material weaknesses in internal
control over compliance that we identified during the audit.
B.

Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control overcompliance does not allow management or employees, in the normal course of performing their assigned
functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal
or state program on a timely basis. A material weakness in internal control over compliance is a deficiency,
or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility
that material noncompliance with a type of compliance requirement of a federal or state program will not be
prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over28

compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a typeof compliance requirement of a federal or state program that is less severe than a material weakness in internal
control over compliance, yet important enough to merit attention by those charged with governance.
Our consideration of the internal control over compliance was for the limited purpose described in the
Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all
deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies
in internal control over compliance. Given these limitations during our audit, we did not identify any
deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above.
However, material weaknesses or significant deficiencies in internal control over compliance may exist thatwere not identified.
Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control
over compliance. Accordingly, no such opinion is expressed.
The purpose of this report on internal control over compliance is solely to describe the scope of our testingof internal control over compliance and the results of the testing based on the requirements of the Uniform
Guidance and the State of Texas Single Audit Circular. Accordingly, this report is not suitable for any otherpurpose.

January 4, 2024
Austin, Texas

29

PLUM CREEK CONSERVATION DISTRICTSCHEDULE OF EXPENDITURES OF FEDERAL AWARDSYEAR ENDED SEPTEMBER 30, 2023

Federal Agency/Pass-Through/Program Title

Assistance
Listing
NumberContract

Expenditures

U.S. Department of Agriculture
Passed through Texas State Soil and Water Conservation Board
Watershed Rehabilitation Program

10.916

PLUM10-RHB-FED-001-20$2,402,225

Watershed Rehabilitation Program

10.916

PLUM21-RHB-FED-002-20

4,997,909$7,400,134

NOTE: This schedule is prepared using the same accounting policies as the financial statements. See the notes tothe financial statements on pages 10-17. The District did not elect to use the 10% de minimis indirect cost rate.

See Independent Auditor’s Report30

PLUM CREEK CONSERVATION DISTRICTSCHEDULE OF EXPENDITURES OF STATE AWARDSYEAR ENDED SEPTEMBER 30, 2023
STATE AGENCY/ PROGRAM TITLE

Contract #Expenditures

Texas State Soil and Water Conservation District
Flood Control Program

PLUM2-UG-ESF-537-21;
PLUM2-ADD-ST2-025-22$4,491,827

Flood Control Program

PLUM10-RHB-ST2-019-21;
PLUM10-RHB-ESF-507-20;
PLUM10-RHB-ESF-521-21

1,228,831

Flood Control Program

PLUM21-RHB-ESF-530-21

2,556,623
8,277,281

Flood Control Operations and Maintenance

N/A

78,127$8,355,408

NOTE: This schedule is prepared using the same accounting policies as the financial statements. See the notes tothe financial statements on pages 10-17. The District did not elect to use the 10% de minimis indirect cost rate.

See Independent Auditor’s Report31

PLUM CREEK CONSERVATION DISTRICTSCHEDULE OF FINDINGS AND QUESTIONED COSTSSEPTEMBER 30, 2023
A. SUMMARY OF AUDITOR’S RESULTS
FINANCIAL STATEMENTS
Type of auditor’s report issued on whether the financial statements
audited were prepared in accordance with GAAP:

Unmodified

Internal control over financial reporting:Material weakness(es) identified?

None noted

Significant deficiency(ies) identified that are not consideredmaterial weakness(es)?

None noted

Noncompliance material to financial statements noted?

None noted

FEDERAL AND STATE AWARDSInternal controls over major programs:
Material weakness(es) identified?

None noted

Significant deficiency(ies) identified that are not consideredmaterial weakness(es)?

None noted

Type of auditor’s report issued on compliance with major programs:

Unmodified

Any audit findings disclosed that are required to be reported inaccordance with 2 CFR section 200.516(a)?

None noted

Federal major program:

Assistance Listing
Number 10.916

State major program:

Flood Control Program

Threshold used to distinguish between Type A and B programs:
Auditee qualified as a low-risk auditee?

$750,000
No

B. FEDERAL AND STATE AWARD FINDINGS AND QUESTIONED COSTS
Current year:

None noted

Prior year:

None noted

C. SUMMARY OF PRIOR YEAR AUDIT FINDINGS
FederalNone noted

State

None noted

See Independent Auditor’s Report32