Title: 1
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 designed 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: The District has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform
Guidance.
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 designed for, specific purposes by a grantor. Federal and state financial assistance
generally is accounted for in a Special Revenue Fund.
Title: 2
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 designed 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: The District has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform
Guidance.
The accounting and financial reporting treatment applied to a fund is determined by its measurement
focus. The governmental funds are accounting for using a current financial resources measurement
focus. All federal grant funds were accounted for in special revenue funds, which are governmental fund
types. With this measurement focus, only current assets, current liabilities and fund balance are included
on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other
financing sources) and decreases (i.e., expenditures and other financing uses) 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 measurement and available, and expenditures in the accounting period in which the liability is
incurred, if measureable, except for unmatured interest on long-term debt, which is recognized when
due, and certain compensated absences and claims and judgements, which are recognized when the
obligations are expected to be liquidated with expendable available financial resources.
Federal grant revenues are considered to be earned to the extent of expenditures made under the
provisions of the grant, and accordingly, when such amounts are received, they are recorded as
unearned revenues until earned. The accompanying Schedule of Expenditures of Federal Awards is
presented on the modified accrual basis of accounting.
Title: 3
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 designed 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: The District has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform
Guidance.
The District participates in numerous state and federal grant programs, which are governed by various
rules and regulations of the grantor agencies. Costs charged to the respective grant programs are
subject to audit and adjustments by the grantor agencies; therefore, to the extent that the District has
not complied with rules and regulations governing the grants, refund of any money received may be
required and the collectability of any related receivable may be impaired.
Title: 4
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 designed 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: The District has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform
Guidance.
The District has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform
Guidance.
Title: 5
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 designed 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: The District has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform
Guidance.
None of the federal programs expended by the District were passed through to subrecipients.
Title: 6
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 designed 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: The District has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform
Guidance.
See the Notes to the SEFA for chart/table