Title: NOTE 1: BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the activity of all applicable federal and state awards of Callahan County, Texas for the year ended September 30, 2023. The County's reporting entity is defined in Note 1 of the financial statements. Federal and State awards subject to single audit received from federal and state agencies are included on the Schedule of Expenditures of Federal and State Awards. The information is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards (TxGMS). Because the schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position or change in net position of the County. Expenditures reported in the accompanying Schedule of Expenditures of Federal and State Awards are reported on the modified cash basis of accounting. The modified cash basis of accounting is described in Note 1 of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and TxGMS, wherein certain types of expenditures are not allowed or are limited as to reimbursement. The format for the Schedule of Expenditures of Federal and State Awards has been prescribed by the Uniform Guidance and TxGMS. Such format includes expenditures recognized in Callahan County, Texas’ financial statements.
De Minimis Rate Used: N
Rate Explanation: Callahan County, Texas has not elected to use a 10 percent de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the activity of all applicable federal and state awards of Callahan County, Texas for the year ended September 30, 2023. The County's reporting entity is defined in Note 1 of the financial statements. Federal and State awards subject to single audit received from federal and state agencies are included on the Schedule of Expenditures of Federal and State Awards. The information is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards (TxGMS). Because the schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position or change in net position of the County.
Title: NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the activity of all applicable federal and state awards of Callahan County, Texas for the year ended September 30, 2023. The County's reporting entity is defined in Note 1 of the financial statements. Federal and State awards subject to single audit received from federal and state agencies are included on the Schedule of Expenditures of Federal and State Awards. The information is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards (TxGMS). Because the schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position or change in net position of the County. Expenditures reported in the accompanying Schedule of Expenditures of Federal and State Awards are reported on the modified cash basis of accounting. The modified cash basis of accounting is described in Note 1 of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and TxGMS, wherein certain types of expenditures are not allowed or are limited as to reimbursement. The format for the Schedule of Expenditures of Federal and State Awards has been prescribed by the Uniform Guidance and TxGMS. Such format includes expenditures recognized in Callahan County, Texas’ financial statements.
De Minimis Rate Used: N
Rate Explanation: Callahan County, Texas has not elected to use a 10 percent de minimis indirect cost rate.
Expenditures reported in the accompanying Schedule of Expenditures of Federal and State Awards are reported on the modified cash basis of accounting. The modified cash basis of accounting is described in Note 1 of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and TxGMS, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Title: NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the activity of all applicable federal and state awards of Callahan County, Texas for the year ended September 30, 2023. The County's reporting entity is defined in Note 1 of the financial statements. Federal and State awards subject to single audit received from federal and state agencies are included on the Schedule of Expenditures of Federal and State Awards. The information is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards (TxGMS). Because the schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position or change in net position of the County. Expenditures reported in the accompanying Schedule of Expenditures of Federal and State Awards are reported on the modified cash basis of accounting. The modified cash basis of accounting is described in Note 1 of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and TxGMS, wherein certain types of expenditures are not allowed or are limited as to reimbursement. The format for the Schedule of Expenditures of Federal and State Awards has been prescribed by the Uniform Guidance and TxGMS. Such format includes expenditures recognized in Callahan County, Texas’ financial statements.
De Minimis Rate Used: N
Rate Explanation: Callahan County, Texas has not elected to use a 10 percent de minimis indirect cost rate.
The format for the Schedule of Expenditures of Federal and State Awards has been prescribed by the Uniform Guidance and TxGMS. Such format includes expenditures recognized in Callahan County, Texas’ financial statements. Callahan County, Texas has not elected to use a 10 percent de minimis indirect cost rate. No federal or state financial assistance has been provided to a subrecipient.
Title: NOTE 3: DIFFERENCES FROM FINANCIAL STATEMENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the activity of all applicable federal and state awards of Callahan County, Texas for the year ended September 30, 2023. The County's reporting entity is defined in Note 1 of the financial statements. Federal and State awards subject to single audit received from federal and state agencies are included on the Schedule of Expenditures of Federal and State Awards. The information is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards (TxGMS). Because the schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position or change in net position of the County. Expenditures reported in the accompanying Schedule of Expenditures of Federal and State Awards are reported on the modified cash basis of accounting. The modified cash basis of accounting is described in Note 1 of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and TxGMS, wherein certain types of expenditures are not allowed or are limited as to reimbursement. The format for the Schedule of Expenditures of Federal and State Awards has been prescribed by the Uniform Guidance and TxGMS. Such format includes expenditures recognized in Callahan County, Texas’ financial statements.
De Minimis Rate Used: N
Rate Explanation: Callahan County, Texas has not elected to use a 10 percent de minimis indirect cost rate.
The County reports on a modified cash basis of accounting, therefore, differences exist between intergovernmental revenues and expenditures of federal and state awards.
Title: NOTE 3: DIFFERENCES FROM FINANCIAL STATEMENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the activity of all applicable federal and state awards of Callahan County, Texas for the year ended September 30, 2023. The County's reporting entity is defined in Note 1 of the financial statements. Federal and State awards subject to single audit received from federal and state agencies are included on the Schedule of Expenditures of Federal and State Awards. The information is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards (TxGMS). Because the schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position or change in net position of the County. Expenditures reported in the accompanying Schedule of Expenditures of Federal and State Awards are reported on the modified cash basis of accounting. The modified cash basis of accounting is described in Note 1 of the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and TxGMS, wherein certain types of expenditures are not allowed or are limited as to reimbursement. The format for the Schedule of Expenditures of Federal and State Awards has been prescribed by the Uniform Guidance and TxGMS. Such format includes expenditures recognized in Callahan County, Texas’ financial statements.
De Minimis Rate Used: N
Rate Explanation: Callahan County, Texas has not elected to use a 10 percent de minimis indirect cost rate.
See below