Title: Note 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. The JROTC, and MAC programs were accounted for in the general fund, which is a governmental fund type. All other federal grant funds were accounted for in a special revenue fund which is also a governmental fund type. With this measurement focus, only current assets, current liabilities and the fund balances are included on the balance sheet. Operating statements of these funds present increases and decreases in net current assets. The modified accrual basis of accounting is used for the governmental fund types. 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, if measurable, except for unmatured interest on general long-term debt, which is recognized when due, and certain compensated absences and claims and judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial resources. 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 unearned revenues until earned.
De Minimis Rate Used: N
Rate Explanation: The District elected not to use the 10% de minimis indirect cost rate provided by the Uniform Guidance and instead follows the indirect cost rate approved annually by TEA.
For all federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resource Guide. Special revenue funds are used to account for resources restricted to, or designated for, specific purposes by a grantor.
Title: Note 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. The JROTC, and MAC programs were accounted for in the general fund, which is a governmental fund type. All other federal grant funds were accounted for in a special revenue fund which is also a governmental fund type. With this measurement focus, only current assets, current liabilities and the fund balances are included on the balance sheet. Operating statements of these funds present increases and decreases in net current assets. The modified accrual basis of accounting is used for the governmental fund types. 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, if measurable, except for unmatured interest on general long-term debt, which is recognized when due, and certain compensated absences and claims and judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial resources. 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 unearned revenues until earned.
De Minimis Rate Used: N
Rate Explanation: The District elected not to use the 10% de minimis indirect cost rate provided by the Uniform Guidance and instead follows the indirect cost rate approved annually by TEA.
The information in the Schedule of Expenditures of Federal Awards (Schedule) is presented in accordance with the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 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. The JROTC, and MAC programs were accounted for in the general fund, which is a governmental fund type. All other federal grant funds were accounted for in a special revenue fund which is also a governmental fund type. With this measurement focus, only current assets, current liabilities and the fund balances are included on the balance sheet. Operating statements of these funds present increases and decreases in net current assets. The modified accrual basis of accounting is used for the governmental fund types. 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, if measurable, except for unmatured interest on general long-term debt, which is recognized when due, and certain compensated absences and claims and judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial resources. 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 unearned revenues until earned.
De Minimis Rate Used: N
Rate Explanation: The District elected not to use the 10% de minimis indirect cost rate provided by the Uniform Guidance and instead follows the indirect cost rate approved annually by TEA.
National School Lunch Program – Noncash assistance represents USDA-donated commodities received during the fiscal year. The related expenditures in the Schedule relate to the issuance of the commodities to the District's campuses.
Title: Note 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. The JROTC, and MAC programs were accounted for in the general fund, which is a governmental fund type. All other federal grant funds were accounted for in a special revenue fund which is also a governmental fund type. With this measurement focus, only current assets, current liabilities and the fund balances are included on the balance sheet. Operating statements of these funds present increases and decreases in net current assets. The modified accrual basis of accounting is used for the governmental fund types. 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, if measurable, except for unmatured interest on general long-term debt, which is recognized when due, and certain compensated absences and claims and judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial resources. 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 unearned revenues until earned.
De Minimis Rate Used: N
Rate Explanation: The District elected not to use the 10% de minimis indirect cost rate provided by the Uniform Guidance and instead follows the indirect cost rate approved annually by TEA.
Expenditures for the JROTC, MAC, and the National School Lunch and Breakfast programs are not specifically attributable to the federal revenue source and are shown on the Schedule in an amount equal to federal revenue.
Title: Note 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. The JROTC, and MAC programs were accounted for in the general fund, which is a governmental fund type. All other federal grant funds were accounted for in a special revenue fund which is also a governmental fund type. With this measurement focus, only current assets, current liabilities and the fund balances are included on the balance sheet. Operating statements of these funds present increases and decreases in net current assets. The modified accrual basis of accounting is used for the governmental fund types. 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, if measurable, except for unmatured interest on general long-term debt, which is recognized when due, and certain compensated absences and claims and judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial resources. 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 unearned revenues until earned.
De Minimis Rate Used: N
Rate Explanation: The District elected not to use the 10% de minimis indirect cost rate provided by the Uniform Guidance and instead follows the indirect cost rate approved annually by TEA.
In accordance with TEA instructions, federal funds in the amount of $2,022,246, for the School Health and Related Services (SHARS), recorded in in the general fund, have been excluded from the Schedule.
Title: Note 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. The JROTC, and MAC programs were accounted for in the general fund, which is a governmental fund type. All other federal grant funds were accounted for in a special revenue fund which is also a governmental fund type. With this measurement focus, only current assets, current liabilities and the fund balances are included on the balance sheet. Operating statements of these funds present increases and decreases in net current assets. The modified accrual basis of accounting is used for the governmental fund types. 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, if measurable, except for unmatured interest on general long-term debt, which is recognized when due, and certain compensated absences and claims and judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial resources. 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 unearned revenues until earned.
De Minimis Rate Used: N
Rate Explanation: The District elected not to use the 10% de minimis indirect cost rate provided by the Uniform Guidance and instead follows the indirect cost rate approved annually by TEA.
See the Notes to the SEFA for chart/table.