Title: SAN DIEGO INDEPENDENT SCHOOL DISTRICT
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
* The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL AW ARDS
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
Governmental Fund types are accounted for using a current financial resources measurement focus. All Federal
Title: FOR THE YEAR ENDING JUNE 30, 2024
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
grant funds were accounted for in a Special Revenue Fund or, in some instances, in the General Fund which are
Title: SAN DIEGO INDEPENDENT SCHOOL DISTRICT
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
Governmental Fund type funds.
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL AW ARDS
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
With this measurement focus, only current assets and current liabilities and the fund balance are included on the
Title: FOR THE YEAR ENDING JUNE 30, 2024
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
balance sheet. Operating statements of these funds present increases and decreases in net current assets. The
Title: SAN DIEGO INDEPENDENT SCHOOL DISTRICT
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
modified accrual basis of accounting is used for the Governmental Fund types. This basis of accounting
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL AW ARDS
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both measurable
Title: FOR THE YEAR ENDING JUNE 30, 2024
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
and available, and expenditures in the accounting period in which the fund liability is incurred, if measurable,
Title: SAN DIEGO INDEPENDENT SCHOOL DISTRICT
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
except for unmatured interest on General Long-Term Debt, which is recognized when due, and certain
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL AW ARDS
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
compensated absences and claims and judgments, which are recognized when the obligations are expected to be
Title: FOR THE YEAR ENDING JUNE 30, 2024
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
liquidated with expendable available financial resources. Federal grant funds are considered to be earned to the
Title: SAN DIEGO INDEPENDENT SCHOOL DISTRICT
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received,
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL AW ARDS
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
they are recorded as unearned revenues until earned.
Title: FOR THE YEAR ENDING JUNE 30, 2024
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
* The District must submit to the pass-through entity, no later than 90 calendar days ( or an earlier date as agreed
Title: SAN DIEGO INDEPENDENT SCHOOL DISTRICT
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
upon by the pass-through entity and the District) after the end date of the period of performance, all financial,
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL AW ARDS
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
performance, and other reports as required by the terms and conditions of the Federal award. The Federal
Title: FOR THE YEAR ENDING JUNE 30, 2024
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
awarding agency or pass-through entity may approve extensions when requested and justified by the non-Federal
Title: SAN DIEGO INDEPENDENT SCHOOL DISTRICT
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
entity, as applicable (2 CFR 200.344(a)).
Title: NOTES ON ACCOUNTING POLICIES FOR FEDERAL AW ARDS
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability System Resources Guide. Special Revenue funds are used to account for resources resricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specific project periods.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to apply the 10% de minimis indirect cost rate as described at 2 CFR 200.414(f)-Uindirect (F&A) costs.
Unless the Federal awarding agency or pass-through entity authorizes an extension, a non-Federal entity must