Notes to SEFA
Accounting Policies: 1. BASIS OF PRESENTATIONThe Schedule of Expenditures of Federal and State Awards presents the activity of all applicable federaland state awards of the County for the year ended September 30, 2022. The Countys reporting entity isdefined in the notes of the basic financial statements. Federal and state financial assistance receiveddirectly from federal or state agencies as well as federal and state financial assistance passed throughother governmental agencies are included on the Schedule of Expenditures of Federal and State Awards.The information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance) and the State of Texas Uniform GrantManagement Standards, State of Texas Single Audit Circular. Therefore, some amounts presented in thisschedule may differ from amounts presented in, or used in the preparation of the basic financialstatements.2. BASIS OF ACCOUNTINGThe Schedule of Expenditures of Federal and State Awards is prepared on the modified accrual basis ofaccounting. Expenditures are recognized when the related fund liability is incurred. Federal and Stategrants are considered to be earned to the extent of expenditures made under the provision of the grant and,accordingly, when such funds are received they are recorded as unearned revenue until earned.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.