Notes to SEFA
Title: PASS-THROUGH EXPENDITURES
Accounting Policies: The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Schertz-Cibolo-Universal City 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. 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)—Indirect
(F&A) costs.
None of the federal programs expended by the District were provided to subrecipients.
Title: RECONCILIATION OF FEDERAL REVENUES
Accounting Policies: The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of Schertz-Cibolo-Universal City 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. 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)—Indirect
(F&A) costs.
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 per the Statement of Revenues,
Expenditures and Changes in Fund Balance -
Governmental Funds (Exhibit C-3) $ 13,489,071
School health and related services revenue (262,308)
Federal expenditures per the Schedule of
Expenditures of Federal Awards (Exhibit K-1) $ 13,226,763