Title: Basis of Accounting
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
Title: Indirect Cost Rate
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule summarizes the federal and state expenditures of CCA under programs of the federal government and state of Texas for the year ended December 31, 2023. The amounts reported as federal and state grant expenditures were obtained from CCA’s general ledger. Because the Schedule presents only a selected portion of the operations of CCA, it is not intended to and does not present the financial position, changes in net assets and cash flows of CCA.
For purposes of the Schedule, federal and state awards include all grants, contracts, and similar agreements entered into directly with the federal government, State of Texas, and other pass- through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the Schedule. CCA has obtained Assistance Listing Number (ALN) numbers to ensure that all programs have been identified in the Schedule.
Clusters
Federal programs with different ALN numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance. Child Care and Development Block Grant (ALN 93.575) and Child Care Mandatory and Matching Funds of the Child Care and Development Fund (ALN 93.596) are reported as the CCDF Cluster, the Head Start (ALN 93.600) is reported as the Head Start Cluster and the Community Development Block Grants/Entitlement Grants (ALN 14.218) are reported as the CDBG - Entitlement Grants Cluster in the Schedule.
Title: Federal Pass-Through Funds
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
CCA is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-through funds are considered to be direct.
Title: Relationship of the Schedule to Program Financial Reports
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The amounts reflected in the financial reports submitted to the awarding federal, state and/or pass-through agencies and the Schedule may differ. Some of the factors that may account for any difference include the following:
CCA’s fiscal year end may differ from the program’s year end.
Accruals recognized in the Schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period.
Fixed asset purchases and the resultant depreciation charges are recognized as fixed assets in CCA’s financial statements and as expenditures in the program financial reports and the Schedule.
Title: Contingencies
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Grant monies received and disbursed by CCA are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon our experience, CCA does not believe that such disallowance, if any, would have a material effect on the financial position of CCA. As of December 31, 2023, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
Title: Noncash Assistance
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
CCA did not receive any federal noncash assistance for the fiscal year ended December 31, 2023.
Title: Subrecipients
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
CCA did not provide federal funds to subrecipients for the fiscal year ended December 31, 2023.
Title: Loans and Loan Guarantees
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
CCA did not receive any loans or loan guarantees for the year ended December 31, 2023.
Title: Federally Funded Insurance
Accounting Policies: The Schedule of Expenditures of Federal and State of Texas Awards (the Schedule) was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of CCA's federal and state grants.
De Minimis Rate Used: N
Rate Explanation: The accompanying Schedule includes indirect costs charged utilizing CCA's authorized federal indirect cost rate of 13.60%. Due to this, CCA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
CCA did not have any federally funded insurance required to be reported on the Schedule for the fiscal year ended December 31, 2023.