Notes to SEFA
Title: Note 1
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: N/A
For all Federal programs, the Center uses the fund types specified in Texas Education Agency’s Financial Accountability System Resource Guide. The Special Revenue Fund is used to account for
resources restricted to, or designated for, specific purposes by a grantor. Federal and state financial
assistance generally is accounted for in the Special Revenue Fund.
Title: Note 2
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: N/A
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types, which include all Federal grant funds, 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 fund balance are
included on the balance sheet. Operating statements of these funds present increases and decreases in
fund balance.
Title: Note 3
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: N/A
Some grants are assigned CFDA No. 84.999 because they are funded from the Texas Education
Agency’s consolidated administrative funds.