Audit 23335

Accounting Policies: 1. GENERALThe Schedule of Expenditures of Federal and State Awards (the Schedule) presents the activity of all applicablefederal and state award programs of the Region One Education Service Center (the Center). The Centers reportingentity is defined in Note I of the financial statements. Federal and state awards received directly from federal andstate agencies, as well as federal and state awards passed through other government agencies, are included on theSchedule.In accordance with TEA instructions, federal funds for the School Health and Related Services (SHARS) havebeen excluded from the Schedule.All federal programs are accounted for and reported in Special Revenue Funds.2. BASIS OF ACCOUNTING AND PRESENTATIONThe Schedule is presented using the modified accrual basis of accounting. The Centers significant accountingpolicies, including the modified accrual basis of accounting, are presented in Note 1 of the basic financialstatements.The Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance) and the State of Texas Uniform Grant Management Standards (UGMS). Therefore, some ofthe amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, thefinancial statements. De Minimis Rate Used: N Rate Explanation: The Center has received a negotiated indirect cost rate from TEA and may not elect to use a de minimis cost rateof 10% as described at 2 CFR ?200.414(f)Indirect (F&A) costs.