Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Texas Citrus Pest and Disease Management Corporation, Inc. (the Corporation). The information in this 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 amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows organizations to elect a 10% de minimus indirect cost rate. For the year ended August 31, 2023, the Corporation did not elect to use this rate.