Title: 1. GENERAL
Accounting Policies: The Schedule 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 I 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate.
The Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all applicable
federal award programs of Los Fresnos Consolidated Independent School District (“the District”). The
District’s reporting entity is defined in Note I of the basic financial statements. Federal awards received
directly from federal agencies, as well as federal awards passed through other government agencies, are
included on the Schedule.
Title: 2. BASIS OF ACCOUNTING
Accounting Policies: The Schedule 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 I 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate.
The Schedule 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 I 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 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 I 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate.
None of the federal 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
account policies, including the modified accrual basis of accounting, are presented in Note I 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate.
The District did not elect to apply the 10% de minimis indirect cost rate.
Title: 5. RECONCILIATION OF FEDERAL REVENUES AND SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The Schedule 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 I 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate.
Federal revenues per the Statement of Revenues,
Expenditures and Changes in Fund Balance-
Government Funds (Exhibit C-3) $ 29,373,749
Less:
SHARS 809,878
Other federal 86,869
Federal expenditures $ 28,477,002