Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may
differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the
modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does
not represent the financial position of the District.
Title: INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
Title: SUB-RECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
During the year ended August 31, 2023, the District had no sub‐recipients.
Title: FEDERAL LOANS AND LOAN GUARANTEES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
During the year ended August 31, 2023, the District had no outstanding federal loans payable or loan guarantees.
Title: FEDERALLY FUNDED INSURANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
During the year ended August 31, 2023, the District had no federally funded insurance.
Title: NONCASH AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
During the year ended August 31, 2023, the District received $194,631 as non ‐cash assistance under the National School Lunch Program (Assistance Listing Number 10.555), $8,417 as non‐cash assistance under the NSLP Contracted Warehouse Private Storeage and Delivery Fees Grant and $134,416 as non‐cash assistance under the Epidemiology and Laboratory Capacity for Infectious Diseases Program (Assistance Listing Number 93.323).
Title: CONTIGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
Grant monies received and disbursed by the District are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the District does not believe that such disallowance, if any, would have a material effect on the financial position of the District.
Title: FEDERAL PASS-THROUGH FUNDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
The District is also the sub‐recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass‐through funds. Federal awards other than those indicated as pass‐through are considered to be direct.
Title: SPECIAL EDUCATION CLUSTER (IDEA)
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
Grants received under the Special Education Cluster (CFDA No. 84.027A and 84.173A) include funds passed through two (2) different pass‐through grantor agencies. The funds passed through from both agencies were combined for purposes of compliance with Uniform Guidance.
Title: RECONCILIATION FROM THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARS TO EXHIBIT C-3
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of Zapata Independent School District (the "District"). 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Expenditures reported in the Schedule are reported under the modified accrual basis of accounting. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not represent the financial poistion of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the year ended August 31, 2023, the District did not elect to use this rate.
Total Federal Award Expended $19,144,177 Medicaid Administrative Claiming (MAC) $20,572 QSC Subsidy $305,513 SHARS $849,120 Exhibit C-3 $20,319,322