Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and the Schedule of Expenditures of State Awards are prepared using the modified accrual basis of accounting. Under this basis, expenditures are recorded when incurred, if measurable.
De Minimis Rate Used: N
Rate Explanation: Travis County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards and the Schedule of Expenditures of State Awards are prepared using the modified accrual basis of accounting. Under this basis, expenditures are recorded when incurred, if measurable.
Title: NON-CASH AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and the Schedule of Expenditures of State Awards are prepared using the modified accrual basis of accounting. Under this basis, expenditures are recorded when incurred, if measurable.
De Minimis Rate Used: N
Rate Explanation: Travis County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Certain federal and state award programs do not involve cash awards to Travis County. See the Notes to the SEFA for chart/table.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and the Schedule of Expenditures of State Awards are prepared using the modified accrual basis of accounting. Under this basis, expenditures are recorded when incurred, if measurable.
De Minimis Rate Used: N
Rate Explanation: Travis County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During the year ended September 30, 2024, there was $38,994,952 awarded under federal grants and $566,428 awarded under state grants passed through to subrecipients.
Title: INDIRECT COST RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and the Schedule of Expenditures of State Awards are prepared using the modified accrual basis of accounting. Under this basis, expenditures are recorded when incurred, if measurable.
De Minimis Rate Used: N
Rate Explanation: Travis County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Travis County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: DISASTER GRANTS – PUBLIC ASSISTANCE (ALN 97.036)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and the Schedule of Expenditures of State Awards are prepared using the modified accrual basis of accounting. Under this basis, expenditures are recorded when incurred, if measurable.
De Minimis Rate Used: N
Rate Explanation: Travis County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
After a presidentially declared disaster, FEMA provides Disaster Grants to reimburse eligible costs associated with responding to and recovering from the devastating effects of disasters by providing assistance for debris removal, emergency protective measures, and the repair, restoration, reconstruction or replacement of public and eligible private non-profit facilities or infrastructure damaged or destroyed. The federal government makes reimbursements in the form of grants that may require local matching funds. In FY24, FEMA approved and/or obligated $7,092,239 in eligible expenditures that were incurred in prior fiscal years and were not previously reported. See the Notes to the SEFA for chart/table.