Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of TylerJunior College District under programs of the federal government for the year ended August 31, 2022 andis presented on the modified accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles and Audit Requirements for Federal Awards (UniformGuidance).Expenditure reports to funding agencies are prepared on the award period basis. The expendituresreported above represent funds which have been expended by the District for the purposes of the award.The expenditures reported above may not have been reimbursed by the funding agencies as of the endof the fiscal year. Some amounts reported in the schedule may differ from amounts used in thepreparation of the basic financial statements. Separate accounts are maintained for the different awardsto aid in the observance of limitations and restrictions imposed by the funding agencies.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.