Title: 1
Accounting Policies: The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All federal grant funds, with the exception of the National School Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a Governmental Fund type. Federal grant funds received from the above mentioned programs were accounted for in the General Fund which is also a Governmental Fund Type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Auditee uses an Indirect Cost Rate approved by the State Education Agency
The District utilizes the fund types specified in the TEA Resource Guide.
Non-major governmental funds are used to account for resources restricted to, or designated for, specific purposes by a grantor. Federal and State financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor as the close of the specified project periods.
Title: 2
Accounting Policies: The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All federal grant funds, with the exception of the National School Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a Governmental Fund type. Federal grant funds received from the above mentioned programs were accounted for in the General Fund which is also a Governmental Fund Type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Auditee uses an Indirect Cost Rate approved by the State Education Agency
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All federal grant funds, with the exception of the National School Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a Governmental Fund type. Federal grant funds received from the above mentioned programs were accounted for in the General Fund which is also a Governmental Fund Type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.
Title: 3
Accounting Policies: The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All federal grant funds, with the exception of the National School Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a Governmental Fund type. Federal grant funds received from the above mentioned programs were accounted for in the General Fund which is also a Governmental Fund Type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Auditee uses an Indirect Cost Rate approved by the State Education Agency
The period of performance for federal grant funds for the purpose of liquidation of outstanding obligations made on or before the ending date of the federal project extended 90 days beyond the federal project ending date, in accordance with 2 CFR Part 200 Period of Performance.
Title: 4
Accounting Policies: The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All federal grant funds, with the exception of the National School Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a Governmental Fund type. Federal grant funds received from the above mentioned programs were accounted for in the General Fund which is also a Governmental Fund Type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Auditee uses an Indirect Cost Rate approved by the State Education Agency
Commodity Supplemental Food Program receipts represent USDA donated commodities received during the fiscal year. The related expenditures relate to the issuance of the commodities to the District’s campuses. The unearned revenue consists of excess commodities received over amounts issued
Title: 5
Accounting Policies: The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All federal grant funds, with the exception of the National School Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a Governmental Fund type. Federal grant funds received from the above mentioned programs were accounted for in the General Fund which is also a Governmental Fund Type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Auditee uses an Indirect Cost Rate approved by the State Education Agency
Expenditures for the Junior ROTC Program, the Medicaid Administrative Services, and the National School Lunch and Breakfast Program are not specifically attributable to the federal revenue source and are shown on this schedule in an amount equal to revenue
Title: 6
Accounting Policies: The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All federal grant funds, with the exception of the National School Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a Governmental Fund type. Federal grant funds received from the above mentioned programs were accounted for in the General Fund which is also a Governmental Fund Type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Auditee uses an Indirect Cost Rate approved by the State Education Agency
The School Health Related Services (SHARS) revenues are reported as federal revenues in the general fund; however, based on TEA requirements, SHARS revenue is not considered federal financial assistance and is therefore not included in the schedule.
Title: 7
Accounting Policies: The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All federal grant funds, with the exception of the National School Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a Governmental Fund type. Federal grant funds received from the above mentioned programs were accounted for in the General Fund which is also a Governmental Fund Type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Auditee uses an Indirect Cost Rate approved by the State Education Agency
See the Notes to the SEFA for chart/table
Title: 8
Accounting Policies: The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All federal grant funds, with the exception of the National School Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a Governmental Fund type. Federal grant funds received from the above mentioned programs were accounted for in the General Fund which is also a Governmental Fund Type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Auditee uses an Indirect Cost Rate approved by the State Education Agency
The District elected not to use the 10% de minimus indirect cost rate as provided by the Uniform Guidance.