Title: Accounting and Financial Reporting
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resource Guide. Special revenue funds are used to account for resources restricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of $2,069,154. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform Guidance.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types are accounted for using a current financial resources measurement focus. All Federal grant funds were accounted for in a Special Revenue Fund or, in some instances, in the General Fund which are Governmental Fund type funds. With this measurement focus, only current assets and current liabilities and the fund balance are included on the balance sheet. Operating statements of these funds present increases and decreases in net current assets. The modified accrual basis of accounting is used for the Governmental Fund types. This basis of accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred, if measurable, except for unmatured interest on General Long-Term Debt, which is recognized when due, and certain compensated absences and claims and judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial resources. Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as unearned revenues until earned.
Title: Federal Grant Funds
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resource Guide. Special revenue funds are used to account for resources restricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of $2,069,154. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform Guidance.
The period of availability for federal grant funds for the purpose of liquidation of outstanding obligations made on or before the ending date of the federal project period extended 90 days beyond the federal project period ending date, in accordance with provisions in Section H, Period of Availability of Federal Funds, Part 3, Uniform Guidance Compliance Supplement.
Title: CFDA
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resource Guide. Special revenue funds are used to account for resources restricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of $2,069,154. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform Guidance.
CFDA numbers for commodity assistance are the CFDA numbers of the programs under which USDA donated the commodities.
Title: SEFA
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resource Guide. Special revenue funds are used to account for resources restricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of $2,069,154. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform Guidance.
The Schedule of Federal Awards does not include: 1) funds for School Health and Related Services (SHARS), 2) Fiscal year 2022 expenses reimbursed in fiscal year 2023 for E-rate, or 3) payments to Tyler ISD as a member district for the Perkins Reserve grant which would duplicate the grant expenditures reported as fiscal agent in Fund 338. The Schedule of Federal Awards does include Medicaid Administrative Claiming reimbursements spent in excess of revenues due to fiscal year 2021-2022 accrual.
The following table reconciles total federal program revenues per Exhibit C-3 to the total expenditures per The Schedule of Expenditures of Federal Awards: