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 I 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) and Texas Grant Management Standards (TxGMS). 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 and State Awards (the “Schedule”) presents the activity of all
applicable federal and State award programs of Rio Hondo Independent School District (the “District”).
The District’s reporting entity is defined in Note I of the financial statements. Federal and State awards
received directly from federal and state agencies, as well as federal and state awards passed through other
government agencies, are included on the Schedule.
Federal funds for Child Nutrition Cluster, Child and Adult Care Food Program, Commodity Supplemental
Food Program, Fresh Fruit & Vegetable Program, and Air Force JROTC are reported in the General Fund.
All other federal and state 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 I 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) and Texas Grant Management Standards (TxGMS). 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 I 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) and Texas Grant Management Standards (TxGMS). 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 I 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) and Texas Grant Management Standards (TxGMS). 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 and state 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 I 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) and Texas Grant Management Standards (TxGMS). 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 I 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) and Texas Grant Management Standards (TxGMS). 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 for federal and state revenues and the Schedule for the year ended June
30, 2024.
Federal and state revenues per the Statement of
Revenues, Expenditures, and Changes in Fund Balances -
Government Funds (Exhibit C-3) $ 20,434,860
Less:
Other State Revenues (14,828,841)
Federal and State Expenditures $ 5,606,019
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