Notes to SEFA
Accounting Policies: 1.GENERAL The accompanying Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award programs of Bee County, Texas (the County). The Countys reporting entity is defined in Note 1 of the financial statements. Federal awards received directly from federal agencies, as well as awards passed through other government agencies, when applicable, are included on the Schedule of Expenditures of Federal Awards.2. BASIS OF ACCOUNTING The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Federal award revenues are reported as intergovernmental revenues in the General Fund and Special Revenue funds in the Countys basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.