Notes to SEFA
Accounting Policies: 1. GENERAL
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance programs of the City of Crystal City, Texas, for the year ended September 30, 2022. The City’s reporting entity is defined in Note 1 to the City’s financial statements. Federal financial assistance received directly from federal agencies and other agencies are included in the Schedule of Expenditures of Federal Awards.
2. BASIS OF ACCOUNTING
The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the City’s financial statements.
3. PASS-THROUGH EXPENDITURES
None of the federal programs expended by the City were provided to subrecipients.
4. INDIRECT COSTS
The City has elected not to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The City elected not to take indirect cost and use all proceeds for program expenditures