Notes to SEFA
Title: NOTE 1 - GENERAL
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting and other significant accounting policies are described in Note 1 of the financial statements.
De Minimis Rate Used: N
Rate Explanation: Red River County, Texas has elected not to use the IO percent de minimis cost rate as allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards is a summary of the activity of all federal award programs of Red River County, Texas for the year ended September 30, 2023. The grant programs are administered by the various departments of the County. The activities of these departments are monitored by County staff to ensure compliance with requirements of the underlying grants.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting and other significant accounting policies are described in Note 1 of the financial statements.
De Minimis Rate Used: N
Rate Explanation: Red River County, Texas has elected not to use the IO percent de minimis cost rate as allowed under Uniform Guidance.
Basis of Accounting and Significant Accounting Policies - The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting and other significant accounting policies are described in Note 1 of the financial statements.
Title: NOTE 3 - USE OF 10% DE MINIMIS COST RA TE
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting and other significant accounting policies are described in Note 1 of the financial statements.
De Minimis Rate Used: N
Rate Explanation: Red River County, Texas has elected not to use the IO percent de minimis cost rate as allowed under Uniform Guidance.
Red River County, Texas has elected not to use the IO percent de minimis cost rate as allowed under Uniform Guidance.
Title: NOTE 4 - RELATIONSHIP TO GRANT FINANCIAL REPORTS
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting and other significant accounting policies are described in Note 1 of the financial statements.
De Minimis Rate Used: N
Rate Explanation: Red River County, Texas has elected not to use the IO percent de minimis cost rate as allowed under Uniform Guidance.
The amounts reported in the accompanying schedule may not agree with the amounts reported in the related grant financial reports filed with the grantor agencies due to the fact that the accompanying schedule represents activity for the twelve months ended September 30, 2023, while some grant reports are prepared monthly, quarterly, or annually on a grant fiscal year end that is different.
Title: NOTE 5-RECONCILIATION TO TOTAL INTERGOVERNEMENTAL REVENUES AND EXPENDITURES
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting and other significant accounting policies are described in Note 1 of the financial statements.
De Minimis Rate Used: N
Rate Explanation: Red River County, Texas has elected not to use the IO percent de minimis cost rate as allowed under Uniform Guidance.
A reconciliation of federal program revenues and expenditures is as follows:
See the Notes to the SEFA for table