Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Hidalgo County for the year ended June 30, 2023 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the County, it is not intended to and does not present the financial position or changes in net position of the Hidalgo County.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the minimis cost rate
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Hidalgo County for the year ended June 30, 2023 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the County, it is not intended to and does not present the financial position or changes in net position of the Hidalgo County.
Title: Non-Cash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Hidalgo County for the year ended June 30, 2023 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the County, it is not intended to and does not present the financial position or changes in net position of the Hidalgo County.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the minimis cost rate
The County did not receive non-cash federal assistance for the year ended June 30, 2023.
Title: Sub Recipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Hidalgo County for the year ended June 30, 2023 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the County, it is not intended to and does not present the financial position or changes in net position of the Hidalgo County.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the minimis cost rate
The County did not provide federal awards to sub recipients for the year ended June 30, 2023.
Title: Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Hidalgo County for the year ended June 30, 2023 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the County, it is not intended to and does not present the financial position or changes in net position of the Hidalgo County.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the minimis cost rate
The County did not use the 10% de minims cost rate for the current year.