Notes to SEFA
Title: Federal Assistance Reconciliation
Accounting Policies: The schedule of expenditures of federal awards presents the federal grant activity of Lone Star College (the "College") for the year ended August 31, 2022. The information in this schedule is presented in accordance with the requirements of Office of Management and Budget's (OMB) Uniform Guidance and includes awards received directly from federal agencies as well as federal awards passed through other government agencies. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. Revenue is recognized when earned and expenditures are recognized when incurred. Revenues are reported only to the extent of expenditures for the current year. Federal receivables represent amounts expended in excess of that received. The College has elected not to use the 10-percent de Minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
See the Notes to the SEFA for chart/table
Title: Expenditures Not Subject to Federal Single Audit
Accounting Policies: The schedule of expenditures of federal awards presents the federal grant activity of Lone Star College (the "College") for the year ended August 31, 2022. The information in this schedule is presented in accordance with the requirements of Office of Management and Budget's (OMB) Uniform Guidance and includes awards received directly from federal agencies as well as federal awards passed through other government agencies. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. Revenue is recognized when earned and expenditures are recognized when incurred. Revenues are reported only to the extent of expenditures for the current year. Federal receivables represent amounts expended in excess of that received. The College has elected not to use the 10-percent de Minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
None.
Title: Sub-Recipients
Accounting Policies: The schedule of expenditures of federal awards presents the federal grant activity of Lone Star College (the "College") for the year ended August 31, 2022. The information in this schedule is presented in accordance with the requirements of Office of Management and Budget's (OMB) Uniform Guidance and includes awards received directly from federal agencies as well as federal awards passed through other government agencies. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. Revenue is recognized when earned and expenditures are recognized when incurred. Revenues are reported only to the extent of expenditures for the current year. Federal receivables represent amounts expended in excess of that received. The College has elected not to use the 10-percent de Minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
None.
Title: Adult Education and Literacy FY22
Accounting Policies: The schedule of expenditures of federal awards presents the federal grant activity of Lone Star College (the "College") for the year ended August 31, 2022. The information in this schedule is presented in accordance with the requirements of Office of Management and Budget's (OMB) Uniform Guidance and includes awards received directly from federal agencies as well as federal awards passed through other government agencies. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. Revenue is recognized when earned and expenditures are recognized when incurred. Revenues are reported only to the extent of expenditures for the current year. Federal receivables represent amounts expended in excess of that received. The College has elected not to use the 10-percent de Minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
U.S. Department of Education Assistance Listing Number 84.002 represents the Federal and El Civics funding streams. Included in the Federal funding stream are amounts to be allocated by the pass-through grantor Texas Workforce Commission to the TANF and State funding streams as follows: However at the time of producing Schedules E and F the Texas Workforce Commission had not advised of these allocations for FY22. Thus the expenditures reported on this Schedule E are shown in aggregate as U.S. Department of Education Assistance Listing Number 84.002.
Title: Disaster Grants - Public Assistance
Accounting Policies: The schedule of expenditures of federal awards presents the federal grant activity of Lone Star College (the "College") for the year ended August 31, 2022. The information in this schedule is presented in accordance with the requirements of Office of Management and Budget's (OMB) Uniform Guidance and includes awards received directly from federal agencies as well as federal awards passed through other government agencies. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. Revenue is recognized when earned and expenditures are recognized when incurred. Revenues are reported only to the extent of expenditures for the current year. Federal receivables represent amounts expended in excess of that received. The College has elected not to use the 10-percent de Minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes $11,230,901 of grant expenditures approved by FEMA that were incurred in a prior fiscal year.
Title: Texas Reskilling Grant
Accounting Policies: The schedule of expenditures of federal awards presents the federal grant activity of Lone Star College (the "College") for the year ended August 31, 2022. The information in this schedule is presented in accordance with the requirements of Office of Management and Budget's (OMB) Uniform Guidance and includes awards received directly from federal agencies as well as federal awards passed through other government agencies. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. Revenue is recognized when earned and expenditures are recognized when incurred. Revenues are reported only to the extent of expenditures for the current year. Federal receivables represent amounts expended in excess of that received. The College has elected not to use the 10-percent de Minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
U.S. Department of Education Assistance Listing Number 84.425C represents the Supplemental Assistance to Institutions of Higher Education funding stream. Included in the Federal funding stream are amounts to be allocated by the pass-through grantor Texas Higher Education Coordinating Board.
Title: Educational Stabilization Funds - Governor's Emergency Education Relief
Accounting Policies: The schedule of expenditures of federal awards presents the federal grant activity of Lone Star College (the "College") for the year ended August 31, 2022. The information in this schedule is presented in accordance with the requirements of Office of Management and Budget's (OMB) Uniform Guidance and includes awards received directly from federal agencies as well as federal awards passed through other government agencies. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. Revenue is recognized when earned and expenditures are recognized when incurred. Revenues are reported only to the extent of expenditures for the current year. Federal receivables represent amounts expended in excess of that received. The College has elected not to use the 10-percent de Minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
U.S. Department of Education Assistance Listing Number 84.425C represents the Education Stabilization Fund funding stream. Included in the Federal funding stream are amounts to be allocated by the pass-through grantor Texas Higher Education Coordinating Board.