Notes to SEFA
Accounting Policies: The expenditures included in the schedule of expenditures of federal awards (the "schedule") are reported for the District's fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The
expenditures reported above represent funds that have been expended by the District and the University of Texas - RGV for the purpose of the award. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The District has followed all applicable guidelines issued by various entities in the preparation of the schedule.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate.