Notes to SEFA
Title: NOTE 3 – Basis of Presentation
Accounting Policies: Expenditures reported on the accompanying Schedule of Expenditures of Federal Awards (“Schedule”) are reported on the accrual basis of accounting and accordingly, all significant receivables, payables, and other liabilities are included. Where applicable, such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Expenditures of Coronavirus Recovery Funds are reported on the accrual basis of accounting and are recognized following the U.S. Treasury’s cost guidelines for State and Local Fiscal Recovery Funds.
De Minimis Rate Used: N
Rate Explanation: Houston County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
General. The Schedule includes the federal grant activity of Houston County, Texas under programs of the federal government for the year ended September 30, 2023. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Houston County, Texas, it is not intended to and does not present the financial position, changes in net position, or cash flows of Houston County, Texas.
Relationship to Federal Financial Reports. For some grants, amounts included in federal financial reports filed by the County with grantor agencies are reported on the cash basis. Accordingly, the related cash basis reports may not agree with amounts reported in the accompanying Schedule.
Title: NOTE 4 – Presentation of Expenditures
Accounting Policies: Expenditures reported on the accompanying Schedule of Expenditures of Federal Awards (“Schedule”) are reported on the accrual basis of accounting and accordingly, all significant receivables, payables, and other liabilities are included. Where applicable, such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Expenditures of Coronavirus Recovery Funds are reported on the accrual basis of accounting and are recognized following the U.S. Treasury’s cost guidelines for State and Local Fiscal Recovery Funds.
De Minimis Rate Used: N
Rate Explanation: Houston County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures included in the Schedule are reported exclusive of non-federal matching funds.
Title: NOTE 5 – Other
Accounting Policies: Expenditures reported on the accompanying Schedule of Expenditures of Federal Awards (“Schedule”) are reported on the accrual basis of accounting and accordingly, all significant receivables, payables, and other liabilities are included. Where applicable, such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Expenditures of Coronavirus Recovery Funds are reported on the accrual basis of accounting and are recognized following the U.S. Treasury’s cost guidelines for State and Local Fiscal Recovery Funds.
De Minimis Rate Used: N
Rate Explanation: Houston County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Pass-through entity identifying numbers are presented where available.