Title: 1. GENERAL
Accounting Policies: The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Elgin Independent School 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 of Expenditures of Federal
Awards.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Elgin Independent School 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 of Expenditures of Federal
Awards.
Title: 2. BASIS OF ACCOUNTING
Accounting Policies: The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Elgin Independent School 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 of Expenditures of Federal
Awards.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting.
The District’s significant account policies, including the modified accrual basis of accounting, are presented in
Note 1 of the basic financial statements. The information in 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 of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Elgin Independent School 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 of Expenditures of Federal
Awards.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
None of the federal programs expended by the District were provided to subrecipients.
Title: 4. INDIRECT COSTS
Accounting Policies: The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Elgin Independent School 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 of Expenditures of Federal
Awards.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
The District has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Title: 5. RECONCILIATION OF FEDERAL REVENUES
Accounting Policies: The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Elgin Independent School 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 of Expenditures of Federal
Awards.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
The following is the reconciliation of federal revenues and the Schedule of Expenditures of Federal Awards
for the year ended August 31, 2024:
Federal revenues on the Statement of Revenues, Expenditures and
Changes in Fund Balance Governmental Funds (Exhibit C-3) $ 10,845,520
School health and related services revenue (15,851)
Federal expenditures on the Schedule of Expenditures of
Federal Awards (Exhibit K-1) $ 10,829,669