Notes to SEFA
Title: Note 2. Basis of Accounting
Accounting Policies: Note 1. General: The accompanying schedules of expenditures of federal awards presents the activity of all applicable federal awards of Comal 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
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.
Title: Note 3. Relationship to Federal Financial Reports
Accounting Policies: Note 1. General: The accompanying schedules of expenditures of federal awards presents the activity of all applicable federal awards of Comal 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Relationship to Federal Financial Reports: Grant expenditure reports as of December 31,2022, 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 estimates of year-end accruals. The reports will agree at termination of the grant as the discrepancies noted are timing differences.