Title: 1. GENERAL
Accounting Policies: The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Connally 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 did not elect to apply the de minimis indirect cost rate.
The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Connally 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 Connally 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 did not elect to apply the de minimis indirect cost rate.
The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting. 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 Connally 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 did not elect to apply the 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 of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Connally 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 did not elect to apply the de minimis indirect cost rate.
The District did not elect to apply the de minimis indirect cost rate.
Title: 5. RECONCILIATION OF FEDERAL REVENUES AND THE SCHEDULE OF
EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Connally 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 did not elect to apply the de minimis indirect cost rate.
The following is the reconciliation of federal revenues and the Schedule of Expenditures of Federal
Awards for the year ended August 31, 2024:
Total federal sources per financial statements for Governmental Funds $ 7,206,661
Total federal sources for financial statements for Proprietary Funds 456,538
Less reimbursements not reported in Schedule of Expenditures of Federal Awards:
School Health & Related Services (SHARS) (189,452)
Proprietary Funds - child care (no Assistance Listing Number) (173,296)
Total federal expenditures on Schedule of Federal Awards $ 7,300,451