Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (SEFSA) includes the federal grant and state activity of Chambers County, Texas, and is presented on the accrual basis of accounting. The information in the SEFSA is presented in accordance with the requirements of OMB Compliance Supplement; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance); and the State of Texas Grant Management Standards (TxGMS). Therefore, some amounts presented in the SESFA may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10% de minimis indirect cost rate allowed in the Uniform Guidance.