Notes to SEFA
Title: Loans
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the County, and is presented on the modified accrual basis of accounting as described in Note 1 to the basic financial statements for the year ended September 30, 2023. The information in the Schedule of Expenditures of Federal Awards is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, Audit Requirements for Federal Awards (Uniform Guidance), and the Texas Grant Management Standards (TxGMS).
De Minimis Rate Used: N
Rate Explanation: The County elected not to use the de minimis indirect cost rate as allowed in the Uniform Guidance, section 414.
At year-end, the County had no loans or loan guarantees outstanding with federal awarding agencies.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the County, and is presented on the modified accrual basis of accounting as described in Note 1 to the basic financial statements for the year ended September 30, 2023. The information in the Schedule of Expenditures of Federal Awards is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, Audit Requirements for Federal Awards (Uniform Guidance), and the Texas Grant Management Standards (TxGMS).
De Minimis Rate Used: N
Rate Explanation: The County elected not to use the de minimis indirect cost rate as allowed in the Uniform Guidance, section 414.
Of the federal and state expenditures presented in the schedules, the County provided no amounts in federal or state awards to subrecipients during the year ended September 30, 2023.