Title: One
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of
$1,839,741. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform
Guidance.
For all Federal programs, the District uses the fund types specified in Texas Education Agency'sFor all Federal programs, the District uses the fund types specified in Texas Education Agency's
Financial Accountability System Resource Guide. Special revenue funds are used to account for
resources restricted to, or designated for, specific purposes by a grantor. Federal and state financial
assistance generally is accounted for in a Special Revenue Fund.
Title: Two
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of
$1,839,741. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform
Guidance.
The accounting and financial reporting treatment applied to a fund is determined by its measurement
focus. The Governmental Fund types are accounted for using a current financial resources
measurement focus. All Federal grant funds were accounted for in a Special Revenue Fund or, in
some instances, in the General Fund which are Governmental Fund type funds.
Title: Three
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of
$1,839,741. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform
Guidance.
With this measurement focus, only current assets and current liabilities and the fund balance are
included on the balance sheet. Operating statements of these funds present increases and decreases
in net current assets. The modified accrual basis of accounting is used for the Governmental Fund
types. This basis of accounting recognizes revenues in the accounting period in which they become
susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period
in which the fund liability is incurred, if measurable, except for unmatured interest on long-term
debt, which is recognized when due, and certain compensated absences and claims and judgments,
which are recognized when the obligations are expected to be liquidated with expendable available
financial resources.
Federal grant funds are considered to be earned to the extent of expenditures made under the
provisions of the grant, and, accordingly, when such funds are received, they are recorded as
unearned revenues until earned.
Title: Four
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of
$1,839,741. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform
Guidance.
The period of availability for federal grant funds for the purpose of liquidation of outstanding
obligations made on or before the ending date of the federal project period extended 90 days beyond
the federal project period ending date, in accordance with provisions in Section H, Period of
Availability of Federal Funds, Part 3, Uniform Guidance Compliance Supplement.
Title: Five
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of
$1,839,741. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform
Guidance.
ALN numbers for commodity assistance are the ALN numbers of the programs under which USDA
donated the commodities.
Title: Six
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of
$1,839,741. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform
Guidance.
Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of
$1,839,741. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform
Guidance.
Title: Seven
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of
$1,839,741. The District has not elected to use the 10% de minimis indirect cost rate of the Uniform
Guidance.
The Schedule of Expenditures of Federal Awards does not include: 1) funds for School Health and
Related Services (SHARS) or 2) Fiscal year 2023 expenses reimbursed in fiscal year 2024 for E-rate.
The following table reconciles total federal program revenues per Exhibit C-3 to the total expenditures
per The Schedule of Expenditures of Federal Awards: