Notes to SEFA
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and
state grant activity of Lee County, Texas 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, Cost Principles for Federal Awards (the Uniform Guidance)
and the State of Texas Uniform Grant Management Standards. Therefore, some amounts presented
in this schedule may differ from amounts presented in or used in the preparation of the basic
financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal and state awards includes the federal and
state grant activity of Lee County, Texas 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, Cost Principles for Federal Awards (the Uniform Guidance)
and the State of Texas Uniform Grant Management Standards. Therefore, some amounts presented
in this schedule may differ from amounts presented in or used in the preparation of the basic
financial statements.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and
state grant activity of Lee County, Texas 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, Cost Principles for Federal Awards (the Uniform Guidance)
and the State of Texas Uniform Grant Management Standards. Therefore, some amounts presented
in this schedule may differ from amounts presented in or used in the preparation of the basic
financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The County has not elected to use the 10 percent de minimis indirect cost rate allowed under the
Uniform Guidance.