Title: 1. Basis of Presentation
Accounting Policies: 1. Basis of Presentation
The Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by Uniform Guidance and is not a required part of the basic financial statements.
The Schedule of Expenditures of Federal Awards presents the activity of the federal awards program of Comanche County Facilities Authority (the Authority) for the year ended June 30, 2024. Federal awards received directly from federal agencies and expended by the Authority are included in the schedule. Although the Authority is required to match certain grants, as defined therein, no such matching has been included in the schedule.
2. Basis of Accounting
The Schedule of Expenditures of Federal Awards has been prepared on the basis of accounting as defined by Uniform Guidance. Under this basis, expenditures are recognized when the activity related to the award occurs.
3. Risk-Based Audit Approach
The dollar threshold to distinguish between Type A and Type B programs is $750,000. The Authority does not qualify as a low-risk auditee.
4. Sub-Recipients
Of the expenditures presented in the schedule, The Authority did not provide any awards to sub-recipients.
5. Outstanding Federal Loans
The Authority has no federal loan obligations as of June 30, 2024.
6. Indirect Cost Rate
The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
The Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by Uniform Guidance and is not a required part of the basic financial statements.The Schedule of Expenditures of Federal Awards presents the activity of the federal awards program of Comanche County Facilities Authority (the Authority) for the year ended June 30, 2024. Federal awards received directly from federal agencies and expended by the Authority are included in the schedule. Although the Authority is required to match certain grants, as defined therein, no such matching has been included in the schedule.
Title: 2. Basis of Accounting
Accounting Policies: 1. Basis of Presentation
The Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by Uniform Guidance and is not a required part of the basic financial statements.
The Schedule of Expenditures of Federal Awards presents the activity of the federal awards program of Comanche County Facilities Authority (the Authority) for the year ended June 30, 2024. Federal awards received directly from federal agencies and expended by the Authority are included in the schedule. Although the Authority is required to match certain grants, as defined therein, no such matching has been included in the schedule.
2. Basis of Accounting
The Schedule of Expenditures of Federal Awards has been prepared on the basis of accounting as defined by Uniform Guidance. Under this basis, expenditures are recognized when the activity related to the award occurs.
3. Risk-Based Audit Approach
The dollar threshold to distinguish between Type A and Type B programs is $750,000. The Authority does not qualify as a low-risk auditee.
4. Sub-Recipients
Of the expenditures presented in the schedule, The Authority did not provide any awards to sub-recipients.
5. Outstanding Federal Loans
The Authority has no federal loan obligations as of June 30, 2024.
6. Indirect Cost Rate
The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
The Schedule of Expenditures of Federal Awards has been prepared on the basis of accounting as defined by Uniform Guidance. Under this basis, expenditures are recognized when the activity related to the award occurs.
Title: 3. Risk-Based Audit Approach
Accounting Policies: 1. Basis of Presentation
The Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by Uniform Guidance and is not a required part of the basic financial statements.
The Schedule of Expenditures of Federal Awards presents the activity of the federal awards program of Comanche County Facilities Authority (the Authority) for the year ended June 30, 2024. Federal awards received directly from federal agencies and expended by the Authority are included in the schedule. Although the Authority is required to match certain grants, as defined therein, no such matching has been included in the schedule.
2. Basis of Accounting
The Schedule of Expenditures of Federal Awards has been prepared on the basis of accounting as defined by Uniform Guidance. Under this basis, expenditures are recognized when the activity related to the award occurs.
3. Risk-Based Audit Approach
The dollar threshold to distinguish between Type A and Type B programs is $750,000. The Authority does not qualify as a low-risk auditee.
4. Sub-Recipients
Of the expenditures presented in the schedule, The Authority did not provide any awards to sub-recipients.
5. Outstanding Federal Loans
The Authority has no federal loan obligations as of June 30, 2024.
6. Indirect Cost Rate
The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
The dollar threshold to distinguish between Type A and Type B programs is $750,000. The Authority does not qualify as a low-risk auditee.
Title: 4. Sub-Recipients
Accounting Policies: 1. Basis of Presentation
The Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by Uniform Guidance and is not a required part of the basic financial statements.
The Schedule of Expenditures of Federal Awards presents the activity of the federal awards program of Comanche County Facilities Authority (the Authority) for the year ended June 30, 2024. Federal awards received directly from federal agencies and expended by the Authority are included in the schedule. Although the Authority is required to match certain grants, as defined therein, no such matching has been included in the schedule.
2. Basis of Accounting
The Schedule of Expenditures of Federal Awards has been prepared on the basis of accounting as defined by Uniform Guidance. Under this basis, expenditures are recognized when the activity related to the award occurs.
3. Risk-Based Audit Approach
The dollar threshold to distinguish between Type A and Type B programs is $750,000. The Authority does not qualify as a low-risk auditee.
4. Sub-Recipients
Of the expenditures presented in the schedule, The Authority did not provide any awards to sub-recipients.
5. Outstanding Federal Loans
The Authority has no federal loan obligations as of June 30, 2024.
6. Indirect Cost Rate
The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
Of the expenditures presented in the schedule, The Authority did not provide any awards to sub-recipients.
Title: 5. Outstanding Federal Loans
Accounting Policies: 1. Basis of Presentation
The Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by Uniform Guidance and is not a required part of the basic financial statements.
The Schedule of Expenditures of Federal Awards presents the activity of the federal awards program of Comanche County Facilities Authority (the Authority) for the year ended June 30, 2024. Federal awards received directly from federal agencies and expended by the Authority are included in the schedule. Although the Authority is required to match certain grants, as defined therein, no such matching has been included in the schedule.
2. Basis of Accounting
The Schedule of Expenditures of Federal Awards has been prepared on the basis of accounting as defined by Uniform Guidance. Under this basis, expenditures are recognized when the activity related to the award occurs.
3. Risk-Based Audit Approach
The dollar threshold to distinguish between Type A and Type B programs is $750,000. The Authority does not qualify as a low-risk auditee.
4. Sub-Recipients
Of the expenditures presented in the schedule, The Authority did not provide any awards to sub-recipients.
5. Outstanding Federal Loans
The Authority has no federal loan obligations as of June 30, 2024.
6. Indirect Cost Rate
The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
The Authority has no federal loan obligations as of June 30, 2024.
Title: 6. Indirect Cost Rate
Accounting Policies: 1. Basis of Presentation
The Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by Uniform Guidance and is not a required part of the basic financial statements.
The Schedule of Expenditures of Federal Awards presents the activity of the federal awards program of Comanche County Facilities Authority (the Authority) for the year ended June 30, 2024. Federal awards received directly from federal agencies and expended by the Authority are included in the schedule. Although the Authority is required to match certain grants, as defined therein, no such matching has been included in the schedule.
2. Basis of Accounting
The Schedule of Expenditures of Federal Awards has been prepared on the basis of accounting as defined by Uniform Guidance. Under this basis, expenditures are recognized when the activity related to the award occurs.
3. Risk-Based Audit Approach
The dollar threshold to distinguish between Type A and Type B programs is $750,000. The Authority does not qualify as a low-risk auditee.
4. Sub-Recipients
Of the expenditures presented in the schedule, The Authority did not provide any awards to sub-recipients.
5. Outstanding Federal Loans
The Authority has no federal loan obligations as of June 30, 2024.
6. Indirect Cost Rate
The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.
The Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended June 30, 2024.