Title: 1
Accounting Policies: The District utilizes the fund types specified in Texas Education Agency’s Financial Accountability System
Resource Guide.
General Fund – is used to account for resources related to the United States Department of Defense
ROTC program, the Child Nutrition programs, the E-rate program, Impact Aid, the Medicaid
Administrative Claiming program, interest subsidy, and indirect cost revenues of various federal grants.
Special Revenue Funds are used to account for resources restricted or designated for specific purposes
by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
Funds that are not expended are generally returned to the grantor at the close of specified grant
periods.
The accompanying Schedule of Expenditures of Federal Awards (SEFA), Exhibit K-1, includes the federal
award activity of the District under programs of the federal government for the year ended June 30,
2024. The information 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).
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the de minimis indirect cost rate as allowed in the Uniform
Guidance.
The District utilizes the fund types specified in Texas Education Agency’s Financial Accountability System
Resource Guide.
General Fund – is used to account for resources related to the United States Department of Defense
ROTC program, the Child Nutrition programs, the E-rate program, Impact Aid, the Medicaid
Administrative Claiming program, interest subsidy, and indirect cost revenues of various federal grants.
Special Revenue Funds are used to account for resources restricted or designated for specific purposes
by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
Funds that are not expended are generally returned to the grantor at the close of specified grant
periods.
The accompanying Schedule of Expenditures of Federal Awards (SEFA), Exhibit K-1, includes the federal
award activity of the District under programs of the federal government for the year ended June 30,
2024. The information 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).
Title: 2
Accounting Policies: The District utilizes the fund types specified in Texas Education Agency’s Financial Accountability System
Resource Guide.
General Fund – is used to account for resources related to the United States Department of Defense
ROTC program, the Child Nutrition programs, the E-rate program, Impact Aid, the Medicaid
Administrative Claiming program, interest subsidy, and indirect cost revenues of various federal grants.
Special Revenue Funds are used to account for resources restricted or designated for specific purposes
by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
Funds that are not expended are generally returned to the grantor at the close of specified grant
periods.
The accompanying Schedule of Expenditures of Federal Awards (SEFA), Exhibit K-1, includes the federal
award activity of the District under programs of the federal government for the year ended June 30,
2024. The information 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).
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the de minimis indirect cost rate as allowed in the Uniform
Guidance.
The accounting and financial reporting treatment applied to a fund is determined by its measurement
focus. The governmental fund types are accounted for using a current financial resources measurement
focus. With this measurement focus, only current assets, deferred outflows of resources, current
liabilities, deferred inflows of resources, and the fund balance are included on the balance sheet.
Operating statements of these funds present increases and decreases in net current position.
The modified accrual basis of accounting is used for the governmental fund types. This basis of
accounting recognizes revenues in the accounting period in which they become susceptible to accrual,
i.e., both measurable and available, and expenditures in the accounting period in which the fund liability
is incurred, if measurable, except for unmatured interest on general long-term debt, which is recognized
when due, and certain compensated absences and claims and judgments, which are recognized when
the obligations are expected to be liquidated with expendable available financial resources.
Federal grant funds are generally considered to be earned to the extent of expenditures made under the
provisions of the grant, and, accordingly, when such funds are received in advance, they are recorded as
unearned revenues until earned.
Title: 3
Accounting Policies: The District utilizes the fund types specified in Texas Education Agency’s Financial Accountability System
Resource Guide.
General Fund – is used to account for resources related to the United States Department of Defense
ROTC program, the Child Nutrition programs, the E-rate program, Impact Aid, the Medicaid
Administrative Claiming program, interest subsidy, and indirect cost revenues of various federal grants.
Special Revenue Funds are used to account for resources restricted or designated for specific purposes
by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
Funds that are not expended are generally returned to the grantor at the close of specified grant
periods.
The accompanying Schedule of Expenditures of Federal Awards (SEFA), Exhibit K-1, includes the federal
award activity of the District under programs of the federal government for the year ended June 30,
2024. The information 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).
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the de minimis indirect cost rate as allowed in the Uniform
Guidance.
The period of performance for Federal grant funds for the purpose of liquidation of outstanding
obligations made on or before the ending date of the Federal project period is no later than 90 days after
the Federal project period ending date as specified in the terms and conditions of the Federal award,
unless an extension is authorized by the Federal awarding agency or pass-through entity, in accordance
with the Uniform Guidance.
Title: 4
Accounting Policies: The District utilizes the fund types specified in Texas Education Agency’s Financial Accountability System
Resource Guide.
General Fund – is used to account for resources related to the United States Department of Defense
ROTC program, the Child Nutrition programs, the E-rate program, Impact Aid, the Medicaid
Administrative Claiming program, interest subsidy, and indirect cost revenues of various federal grants.
Special Revenue Funds are used to account for resources restricted or designated for specific purposes
by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
Funds that are not expended are generally returned to the grantor at the close of specified grant
periods.
The accompanying Schedule of Expenditures of Federal Awards (SEFA), Exhibit K-1, includes the federal
award activity of the District under programs of the federal government for the year ended June 30,
2024. The information 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).
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the de minimis indirect cost rate as allowed in the Uniform
Guidance.
Expenditures for the National School Lunch and Breakfast Program are not specifically attributable to the
Federal revenue source and are shown on the schedule in an amount equal to Federal revenue. Included
in the National School Lunch Program are USDA Donated Commodities which represent non-cash
assistance. Expenditures are recognized for the issuance of the commodities to the District’s campuses.
Title: 5
Accounting Policies: The District utilizes the fund types specified in Texas Education Agency’s Financial Accountability System
Resource Guide.
General Fund – is used to account for resources related to the United States Department of Defense
ROTC program, the Child Nutrition programs, the E-rate program, Impact Aid, the Medicaid
Administrative Claiming program, interest subsidy, and indirect cost revenues of various federal grants.
Special Revenue Funds are used to account for resources restricted or designated for specific purposes
by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
Funds that are not expended are generally returned to the grantor at the close of specified grant
periods.
The accompanying Schedule of Expenditures of Federal Awards (SEFA), Exhibit K-1, includes the federal
award activity of the District under programs of the federal government for the year ended June 30,
2024. The information 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).
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the de minimis indirect cost rate as allowed in the Uniform
Guidance.
The District has not elected to use the de minimis indirect cost rate as allowed in the Uniform
Guidance.
Title: 6
Accounting Policies: The District utilizes the fund types specified in Texas Education Agency’s Financial Accountability System
Resource Guide.
General Fund – is used to account for resources related to the United States Department of Defense
ROTC program, the Child Nutrition programs, the E-rate program, Impact Aid, the Medicaid
Administrative Claiming program, interest subsidy, and indirect cost revenues of various federal grants.
Special Revenue Funds are used to account for resources restricted or designated for specific purposes
by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
Funds that are not expended are generally returned to the grantor at the close of specified grant
periods.
The accompanying Schedule of Expenditures of Federal Awards (SEFA), Exhibit K-1, includes the federal
award activity of the District under programs of the federal government for the year ended June 30,
2024. The information 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).
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the de minimis indirect cost rate as allowed in the Uniform
Guidance.
None of the federal or state programs expended by the District were passed through to subrecipients.
Title: 7
Accounting Policies: The District utilizes the fund types specified in Texas Education Agency’s Financial Accountability System
Resource Guide.
General Fund – is used to account for resources related to the United States Department of Defense
ROTC program, the Child Nutrition programs, the E-rate program, Impact Aid, the Medicaid
Administrative Claiming program, interest subsidy, and indirect cost revenues of various federal grants.
Special Revenue Funds are used to account for resources restricted or designated for specific purposes
by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
Funds that are not expended are generally returned to the grantor at the close of specified grant
periods.
The accompanying Schedule of Expenditures of Federal Awards (SEFA), Exhibit K-1, includes the federal
award activity of the District under programs of the federal government for the year ended June 30,
2024. The information 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).
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the de minimis indirect cost rate as allowed in the Uniform
Guidance.
The expenditures shown on the SEFA does not include School Health and Related Services (SHARS), ERate
program, and Qualified Energy Conservation Bonds (QECB) interest subsidy, recorded in the
General Fund, since the revenue for those programs are not considered federal financial assistance as
defined by the Uniform Guidance. A reconciliation of the expenditures reported in the SEFA to reported
federal revenues shown on Exhibit C-3 is as follows: Federal revenues per the Statement of Revenues,
Expenditures and Changes in Fund Balance -
Governmental Funds (Exhibit C-3) $ 55,611,141
Less items not subject to single audit:
School health and related services revenue (1,293,879)
QECN (155,235)
Less PY expenditures reported in the following funds:
ESSER III (8,304,190)
ESSER II (1,805,684)
Add PY expenditures that were reclassified to different
grants (different fiscal year, same period of performance):
ESSER II 8,304,190
ESSER III 7,903
Fund 289 62,524
Title I 59,456
Add PY expenditures that were reclassified to General fund: 1,675,801
Federal expenditures per the Schedule of
Expenditures of Federal Awards
(Exhibit K-1) $ 54,162,027