Notes to SEFA
Accounting Policies: 1. For 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.
2. The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund are accounted for using a current financial resources measurement focus. All Federal grant funds were accounted for in a Special Revenue Fund, which is a Governmental Fund type. Such expenditures are recognized following the costs principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. No federal financial assistance has been provided to a subrecipient.
Federal grants are considered to be earned to the extent of expenditures made under the provisions of the grant.
School health and related services revenues are considered earned income at the local government level and thus are not included in the Schedule of Expenditures of Federals Awards. The following is a reconciliation of Federal Revenues on Exhibit
C-3 to the Schedule of Expenditures of Federal Awards.
Federal Awards per Schedule of Expenditures of Federal Awards $ 2,231,909
School Health and Related Services (SHARS) 33,574
Total Federal Program Revenues - Exhibit C-3 $ 2,265,483
3. The period of performance 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 project period ending date, in accordance with provisions in Section H, Period of Performance, Part 3, Uniform Guidance Compliance Supplement.
4. CFDA number for commodity assistance are the CFDA numbers of the programs under which USDA donated the commodities.
5. The District is not eligible to use the 10 percent de minimus indirect cost rate for its federal awards.
De Minimis Rate Used: N
Rate Explanation: District was not eligible to use the de minimus indirect cost rate for its federal awards.