Title: Note 1. General
Accounting Policies: The accompanying schedules of expenditures of federal awards presents the activity of all applicable federal awards of Guadalupe County, Texas (the County). The information in these schedules are presented in accordance with the requirements of the Uniform Guidance. The County’s reporting entity is defined in Note 1 to the County’s financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the respective schedule. The County did not elect to use the 10% de minimus cost rate as allowed in the Uniform Guidance. The accompanying schedules of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the County’s financial statements. Grant expenditure reports as of September 30, 2022, which have been submitted to grantor agencies will, in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are typically prepared at a later date and often reflect refined estimates of year-end accruals. The reports Ewill agree at termination of the grant as the discrepancies noted are timing differences.
De Minimis Rate Used: N
Rate Explanation: The county did not use an indirect cost allocation for any of the grant (not used).
The accompanying schedule of expenditures of federal awards presents the activity of all applicable federal awards of Guadalupe County, Texas (the County). Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the respective schedule. Negative amounts shown in the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures.
Title: Note 2. Basis of Accounting
Accounting Policies: The accompanying schedules of expenditures of federal awards presents the activity of all applicable federal awards of Guadalupe County, Texas (the County). The information in these schedules are presented in accordance with the requirements of the Uniform Guidance. The County’s reporting entity is defined in Note 1 to the County’s financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the respective schedule. The County did not elect to use the 10% de minimus cost rate as allowed in the Uniform Guidance. The accompanying schedules of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the County’s financial statements. Grant expenditure reports as of September 30, 2022, which have been submitted to grantor agencies will, in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are typically prepared at a later date and often reflect refined estimates of year-end accruals. The reports Ewill agree at termination of the grant as the discrepancies noted are timing differences.
De Minimis Rate Used: N
Rate Explanation: The county did not use an indirect cost allocation for any of the grant (not used).
The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting. Expenditures are recognized when the related fund liability is incurred. Federal grants are considered to be earned to the extent of expenditures made under the provisions of the grant, and accordingly, when such funds are received they are recorded as deferred revenue until earned.
Title: Note 3. Relationship to Federal Financial Reports
Accounting Policies: The accompanying schedules of expenditures of federal awards presents the activity of all applicable federal awards of Guadalupe County, Texas (the County). The information in these schedules are presented in accordance with the requirements of the Uniform Guidance. The County’s reporting entity is defined in Note 1 to the County’s financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the respective schedule. The County did not elect to use the 10% de minimus cost rate as allowed in the Uniform Guidance. The accompanying schedules of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the County’s financial statements. Grant expenditure reports as of September 30, 2022, which have been submitted to grantor agencies will, in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are typically prepared at a later date and often reflect refined estimates of year-end accruals. The reports Ewill agree at termination of the grant as the discrepancies noted are timing differences.
De Minimis Rate Used: N
Rate Explanation: The county did not use an indirect cost allocation for any of the grant (not used).
Grant expenditure reports as of September 30, 2022, which have been submitted to grantor agencies will, in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are typically prepared at a later date and often reflect refined estimated of year-end accruals. The report will agree at termination of the grant as the discrepancies noted are timing differences.
Title: Note 4. Indirect Cost Rate
Accounting Policies: The accompanying schedules of expenditures of federal awards presents the activity of all applicable federal awards of Guadalupe County, Texas (the County). The information in these schedules are presented in accordance with the requirements of the Uniform Guidance. The County’s reporting entity is defined in Note 1 to the County’s financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the respective schedule. The County did not elect to use the 10% de minimus cost rate as allowed in the Uniform Guidance. The accompanying schedules of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in Note 1 to the County’s financial statements. Grant expenditure reports as of September 30, 2022, which have been submitted to grantor agencies will, in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are typically prepared at a later date and often reflect refined estimates of year-end accruals. The reports Ewill agree at termination of the grant as the discrepancies noted are timing differences.
De Minimis Rate Used: N
Rate Explanation: The county did not use an indirect cost allocation for any of the grant (not used).
The County has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.