Title: Basis of Presentation
Accounting Policies: Expenditures included on the Schedule of Expenditures of Federal Awards (the Schedule) are presented on
the modified accrual basis of accounting, with the exception of the National School Lunch Program,
National School Breakfast Program and the Food Distribution Program (Non-Cash Assistance). Under the
modified acerual basis of accounting, revenue is recognized in the accounting period in which it becomes
available and measurable, and expenditures in the accounting period in which the fund liability is incurred,
if measurable. Expenditures in the National School Lunch Program, National School Breakfast Program
and the Food Distribution Program are not specifically attributable to this revenue source and are shown on
the accompanying Schedule in an amount equal to revenue for balaneing purposes only. The District values
revenues and expenditures for the Food Distribution Program based on the value of commodities received.
Grant funds are considered to be earned to the extent of expenditures made under the provisions of the
grant. Accordingly, when such funds are received, they are recorded as due to other governments until
related and authorized expenditures have been made. If balances have not been expended by the end of the
project period, grantors may require the District to refund all or part of the unused amount.
Hale Center Independent School District
De Minimis Rate Used: N
Rate Explanation: Hale Center Independent School District has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
The Schedule includes the federal grant activity of Hale Center Independent School District under programs
of the federal government for the year ended August 31, 2024. The information in the Schedule is presented
in accordance with the requirements of Title 2 US. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Unifonn
Guidance). Because the Schedule presents only a selected portion of the operations of the District, it is not
intended to and does not present the financial position or changes in net assets of Hale Center Independent
School District.
Title: Subrecipients
Accounting Policies: Expenditures included on the Schedule of Expenditures of Federal Awards (the Schedule) are presented on
the modified accrual basis of accounting, with the exception of the National School Lunch Program,
National School Breakfast Program and the Food Distribution Program (Non-Cash Assistance). Under the
modified acerual basis of accounting, revenue is recognized in the accounting period in which it becomes
available and measurable, and expenditures in the accounting period in which the fund liability is incurred,
if measurable. Expenditures in the National School Lunch Program, National School Breakfast Program
and the Food Distribution Program are not specifically attributable to this revenue source and are shown on
the accompanying Schedule in an amount equal to revenue for balaneing purposes only. The District values
revenues and expenditures for the Food Distribution Program based on the value of commodities received.
Grant funds are considered to be earned to the extent of expenditures made under the provisions of the
grant. Accordingly, when such funds are received, they are recorded as due to other governments until
related and authorized expenditures have been made. If balances have not been expended by the end of the
project period, grantors may require the District to refund all or part of the unused amount.
Hale Center Independent School District
De Minimis Rate Used: N
Rate Explanation: Hale Center Independent School District has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
Of the federal expenditures presented in the schedule. Hale Center Independent School District provided
no federal awards to subrecipients.
Title: Reconciliation Information
Accounting Policies: Expenditures included on the Schedule of Expenditures of Federal Awards (the Schedule) are presented on
the modified accrual basis of accounting, with the exception of the National School Lunch Program,
National School Breakfast Program and the Food Distribution Program (Non-Cash Assistance). Under the
modified acerual basis of accounting, revenue is recognized in the accounting period in which it becomes
available and measurable, and expenditures in the accounting period in which the fund liability is incurred,
if measurable. Expenditures in the National School Lunch Program, National School Breakfast Program
and the Food Distribution Program are not specifically attributable to this revenue source and are shown on
the accompanying Schedule in an amount equal to revenue for balaneing purposes only. The District values
revenues and expenditures for the Food Distribution Program based on the value of commodities received.
Grant funds are considered to be earned to the extent of expenditures made under the provisions of the
grant. Accordingly, when such funds are received, they are recorded as due to other governments until
related and authorized expenditures have been made. If balances have not been expended by the end of the
project period, grantors may require the District to refund all or part of the unused amount.
Hale Center Independent School District
De Minimis Rate Used: N
Rate Explanation: Hale Center Independent School District has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
Amount reported on the Schedulce of Expenditures of Federal Awards
E-Rate reported in the General Fund
SHARS Revenue reported in the General Fund
Federal Program Revenue Reported on Exhibit C-3
1,354,113
8,310
3,533
1,365,956