Notes to SEFA
Accounting Policies: The accompanying schedules of expenditures of federal and state awards include the grant activity of theCounty and is presented on the modified accrual basis of accounting. The modified accrual basis ofaccounting is used for the Governmental Fund types. This basis of accounting recognizes revenue in theaccounting period in which they become susceptible to accrual, i.e., both measurable and available, andexpenditures in the accounting period in which the fund liability is incurred, if measurable.Federal and state grant funds are considered to be earned to the extent of expenditures made under theprovisions of the grant, and accordingly, when such funds are received, they are recorded as unearnedrevenue until earned.The information in these schedules is presented in accordance with the requirements of the State of TexasSingle Audit Circular (Audit Circular) and Uniform Guidance. The Audit Circular was issued under theauthority of the Texas Government Code, Chapter 783, entitled Uniform Grant and Contract Management.This circular sets standards for obtaining consistency and uniformity among state agencies for thecoordinated audit of local governments expending any state awards. Because the schedules present only aselected portion of the operations of the County, it is not intended to and does not present the financialposition of the County.During the year ending September 30, 2022, the County did not provide any federal or state awards tosubrecipients.The County did not use the 10% de minimis indirect cost rate as allowed by Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.