Audit 311547

FY End
2023-09-30
Total Expended
$1.49M
Findings
0
Programs
6
Organization: Trinity County, Texas (TX)
Year: 2023 Accepted: 2024-07-02
Auditor: Axley & Rode

Organization Exclusion Status:

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Findings

No findings recorded

Contacts

Name Title Type
DPF1L9PH43J3 Bonnie Kennedy Auditee
9366422233 Eric A Carver Auditor
No contacts on file

Notes to SEFA

Title: General Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Trinity County and
Title: General Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. is presented on the modified accrual basis of accounting. The information in this schedule is presented on the modified
Title: General Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform
Title: General Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in
Title: General Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. this schedule may differ from amounts presented in the preparation of, the general purpose financial statements. Special
Title: General Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. revenue funds are used to account for resources restricted to, or designed for, specific purposes by a grantor. Generally,
Title: General Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. unused balances are returned to the grantor at the close of the specific project period.
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. The accounting and financial reporting treatment applied to Special Revenue funds is the current financial resource
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. measurement focus. With this measurement focus, only current assets and current liabilities are generally included on
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. the balance sheet. Operating statements of these funds present increases and decreases in fund balance. The modified
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. accrual basis of accounting recognizes revenues in the accounting period in which they become measurable and
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. available, and expenditures in the accounting period in which the liability is incurred, except for unmatured interest on
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. long-term debt, which is recognized when matured, and certain compensated absences, pension liability, other postemployment
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. benefits, and claims, which are recognized when the obligations are expected to be liquidated with
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. expendable available resources. Grant funds are considered to be earned as soon as all eligibility requirements imposed
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. by the provider are met and expenditures have been incurred, and, accordingly, when such funds are received in
Title: Basis of Accounting Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. advance, they are recorded as deferred revenue until earned.
Title: Availability of Funds Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. The period of availability for federal grant funds for the purpose of liquidation of outstanding obligations made on or
Title: Availability of Funds Accounting Policies: SEE NOTES De Minimis Rate Used: N Rate Explanation: The County does not use an indirect cost rate. before the ending date of the project period extended 30 days beyond the project period ending date.