Notes to SEFA
Title: NOTE 1 – GENERAL
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: For indirect costs, the amounts expended are claimed as an indirect cost recovery using an approved cost allocation plan. The Council does not qualify to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (“Schedule”) includes the federal award activity of East Texas Council on Alcoholism and Drug Abuse (the “Council”) for the year ended August 31, 2024. The Council’s reporting entity is defined in Note 1 to the Council’s basic financial statements. Federal award activity passed through other government agencies as well as federal award activity passed through other non-federal entities is included on the Schedule.
Title: NOTE 2 – BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: For indirect costs, the amounts expended are claimed as an indirect cost recovery using an approved cost allocation plan. The Council does not qualify to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Council, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Council.
Title: NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: For indirect costs, the amounts expended are claimed as an indirect cost recovery using an approved cost allocation plan. The Council does not qualify to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance.
Title: NOTE 4 – INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: For indirect costs, the amounts expended are claimed as an indirect cost recovery using an approved cost allocation plan. The Council does not qualify to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
For indirect costs, the amounts expended are claimed as an indirect cost recovery using an approved cost allocation plan. The Council does not qualify to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.