Notes to SEFA
Title: A. General
Accounting Policies: B. Basis of Accounting
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of accounting. These expenditures are accounted for under special revenue funds.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate
Indirect costs shown on the Schedule of Expenditures of Federal and State Awards are properly credited as revenues to the General Fund. These indirect cost revenues are determined by applying approved indirect cost rates to actual applicable expenditures of the projects. The Board has elected not to use the 10% de minimis cost rate as covered in 200.414 Indirect
(F&A) costs.
The accompanying Schedule of Expenditures of Federal and State Awards presents the activity of all federal and state
assistance programs of the Board. The Board’s reporting entity is defined in Note A to the Board’s financial statements.
Federal awards received directly from federal agencies as well as federal awards passed through other government agencies
are included on the schedule.
Title: C. Oversight Responsibilities
Accounting Policies: B. Basis of Accounting
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of accounting. These expenditures are accounted for under special revenue funds.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate
Indirect costs shown on the Schedule of Expenditures of Federal and State Awards are properly credited as revenues to the General Fund. These indirect cost revenues are determined by applying approved indirect cost rates to actual applicable expenditures of the projects. The Board has elected not to use the 10% de minimis cost rate as covered in 200.414 Indirect
(F&A) costs.
The Board has oversight responsibilities in connection with many grants received an administered by Arbor E&T LLC (dba
Equus Workforce Solutions). These grants are included in those entities’ single audits and schedules of federal and state
awards.
Title: E. State Contracts
Accounting Policies: B. Basis of Accounting
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of accounting. These expenditures are accounted for under special revenue funds.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate
Indirect costs shown on the Schedule of Expenditures of Federal and State Awards are properly credited as revenues to the General Fund. These indirect cost revenues are determined by applying approved indirect cost rates to actual applicable expenditures of the projects. The Board has elected not to use the 10% de minimis cost rate as covered in 200.414 Indirect
(F&A) costs.
The Board receives payments for Vocational Rehab under state contracts in which the Board provides services as a vendor
and therefore, these funds are not subject to the Texas Grant Management Standards.