Title: 1. General
Accounting Policies: The Schedule 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 Schedule 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 has received a negotiated indirect cost rate from TEA and may not elect to use a de minimis cost rate
of 10% as described at 2 CFR §200.414(f) - Indirect (F&A) costs.
The Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all applicable federal
award programs of Valley View Independent School District (the “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 Schedule.
In accordance with Texas Education Agency (TEA) instructions, federal funds for the School Health and Related
Services (SHARS) have been excluded from the Schedule.
Federal funds for the Child Nutrition Cluster, SHARS, Medicaid Administration Claiming Program (MAC),
R.O.T.C., Commodity Supplemental Program, Fresh Fruit & Vegetable Program, Square Meals, and revenues for
indirect cost are reported in the General Fund. All other federal programs are accounted for and reported in Special
Revenue Funds.
Title: 2. Basis of Accounting and Presentation
Accounting Policies: The Schedule 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 Schedule 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 has received a negotiated indirect cost rate from TEA and may not elect to use a de minimis cost rate
of 10% as described at 2 CFR §200.414(f) - Indirect (F&A) costs.
The Schedule 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 Schedule 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.
Title: 3. Pass-Through Expenditures
Accounting Policies: The Schedule 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 Schedule 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 has received a negotiated indirect cost rate from TEA and may not elect to use a de minimis cost rate
of 10% 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: 4. Indirect Costs
Accounting Policies: The Schedule 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 Schedule 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 has received a negotiated indirect cost rate from TEA and may not elect to use a de minimis cost rate
of 10% as described at 2 CFR §200.414(f) - Indirect (F&A) costs.
The District has received a negotiated indirect cost rate from TEA and may not elect to use a de minimis cost rate
of 10% as described at 2 CFR §200.414(f) - Indirect (F&A) costs.
Title: 5
Accounting Policies: The Schedule 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 Schedule 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 has received a negotiated indirect cost rate from TEA and may not elect to use a de minimis cost rate
of 10% as described at 2 CFR §200.414(f) - Indirect (F&A) costs.
The following is the reconciliation of federal revenues and the Schedule for the year ended June 30, 2024.