Notes to SEFA
Accounting Policies: For all Federal programs, Rêve follows generally accepted accounting principles. Federal grant funds
are considered to be earned to the extent of expenditures made under the provisions of the grant, and
accordingly, when such funds are received, they are recorded as deferred revenue until earned. Once
costs are incurred on reimbursement grants, a receivable from the granting agency is recorded. Grant
revenues are also considered earned upon the purchase of a capital asset.
De Minimis Rate Used: N
Rate Explanation: Rêve charges indirect costs to federal programs based on a rate calculated by the Texas Education
Agency and has not elected to use the 10% de minimis indirect cost rate as allowed by Uniform
Guidance.