Title: PASS-THROUGH EXPENDITURES
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all applicable federal
award programs of Georgetown Independent School District. The District’s reporting entity is defined in
Note I of the financial statements. Federal awards received directly from federal agencies, as well as
federal awards passed through other government agencies, are included on the SEFA. The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA is presented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)—Indirect
(F&A) costs.
None of the federal programs expended by the District were provided to subrecipients.
Title: STATE ENERGY PROGRAM (SEP, ALN 81.041)
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all applicable federal
award programs of Georgetown Independent School District. The District’s reporting entity is defined in
Note I of the financial statements. Federal awards received directly from federal agencies, as well as
federal awards passed through other government agencies, are included on the SEFA. The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA is presented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)—Indirect
(F&A) costs.
The State Energy Conservation Office receives an annual grant from the U.S. Department of
Energy (DOE) to provide funds for the State Energy Program (SEP). A portion of these funds were
loaned to the District at a low-interest rate to purchase energy-saving equipment. As of year end, the
District had an outstanding loan balance of $621,619.
Title: RECONCILIATION OF FEDERAL REVENUES AND THE SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all applicable federal
award programs of Georgetown Independent School District. The District’s reporting entity is defined in
Note I of the financial statements. Federal awards received directly from federal agencies, as well as
federal awards passed through other government agencies, are included on the SEFA. The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA is presented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)—Indirect
(F&A) costs.
Federal revenues on the Statement of Revenues, Expenditures and
Changes in Fund Balance Governmental Funds (Exhibit C-3) $ 1 1,476,172
State Energy Conservation Loan 621,619
Navy Junior Reserve Officers Training Corps (NJROTC) (129,151)
E-rate (61,187)
School health and related services revenue (219,914)
Federal expenditures on the Schedule of Expenditures of
Federal Awards (Exhibit K-1) $ 1 1,687,539