Title: General
Accounting Policies: GENERAL
The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the federal and state grant activity for Easter Seals Rio Grande Valley (the Organization). The reporting entity is defined in Note A to the Organization's financial statements. The information in this schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Texas Grant Management Standards (TXGMS)). Because the SEFSA presents only a selected portion of the operations of the Organization, it is not intended and does not present the financial position, changes in net assets, or cash flows of the organization.
BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the accrual basis of accounting, which is described in Note A of the Organization's financial statements. Such expenses are recognized following the cost principles contained in the Uniform Guidance and TXGMS, wherein certain types of expenses are not allowable or are limited to reimbursement. Federal grants are generally considered earned to the extent expensed made under the provisions of the grant are made.
Where applicable, the organization has elected not to use the 10 percent de minim is indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate
The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the federal and state grant activity for Easter Seals Rio Grande Valley (the Organization). The reporting entity is defined in Note A to the Organization's financial statements. The information in this schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Texas Grant Management Standards (TXGMS)). Because the SEFSA presents only a selected portion of the operations of the Organization, it is not intended and does not present the financial position, changes in net assets, or cash flows of the organization.
Title: Basis of Presentation
Accounting Policies: GENERAL
The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the federal and state grant activity for Easter Seals Rio Grande Valley (the Organization). The reporting entity is defined in Note A to the Organization's financial statements. The information in this schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Texas Grant Management Standards (TXGMS)). Because the SEFSA presents only a selected portion of the operations of the Organization, it is not intended and does not present the financial position, changes in net assets, or cash flows of the organization.
BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the accrual basis of accounting, which is described in Note A of the Organization's financial statements. Such expenses are recognized following the cost principles contained in the Uniform Guidance and TXGMS, wherein certain types of expenses are not allowable or are limited to reimbursement. Federal grants are generally considered earned to the extent expensed made under the provisions of the grant are made.
Where applicable, the organization has elected not to use the 10 percent de minim is indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate
BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the accrual basis of accounting, which is described in Note A of the Organization's financial statements. Such expenses are recognized following the cost principles contained in the Uniform Guidance and TXGMS, wherein certain types of expenses are not allowable or are limited to reimbursement. Federal grants are generally considered earned to the extent expensed made under the provisions of the grant are made. Where applicable, the organization has elected not to use the 10 percent de minim is indirect rate allowed under the Uniform Guidance.
Title: Relationship to Federal and State Financial Reports
Accounting Policies: GENERAL
The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the federal and state grant activity for Easter Seals Rio Grande Valley (the Organization). The reporting entity is defined in Note A to the Organization's financial statements. The information in this schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Texas Grant Management Standards (TXGMS)). Because the SEFSA presents only a selected portion of the operations of the Organization, it is not intended and does not present the financial position, changes in net assets, or cash flows of the organization.
BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the accrual basis of accounting, which is described in Note A of the Organization's financial statements. Such expenses are recognized following the cost principles contained in the Uniform Guidance and TXGMS, wherein certain types of expenses are not allowable or are limited to reimbursement. Federal grants are generally considered earned to the extent expensed made under the provisions of the grant are made.
Where applicable, the organization has elected not to use the 10 percent de minim is indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate
The following is a reconciliation of the Schedule of Federal and State Awards with the amount reported
on the Statement of Activities and Changes in Net Assets:
Title: Amounts passed through subrecipients
Accounting Policies: GENERAL
The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) presents the federal and state grant activity for Easter Seals Rio Grande Valley (the Organization). The reporting entity is defined in Note A to the Organization's financial statements. The information in this schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Texas Grant Management Standards (TXGMS)). Because the SEFSA presents only a selected portion of the operations of the Organization, it is not intended and does not present the financial position, changes in net assets, or cash flows of the organization.
BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the accrual basis of accounting, which is described in Note A of the Organization's financial statements. Such expenses are recognized following the cost principles contained in the Uniform Guidance and TXGMS, wherein certain types of expenses are not allowable or are limited to reimbursement. Federal grants are generally considered earned to the extent expensed made under the provisions of the grant are made.
Where applicable, the organization has elected not to use the 10 percent de minim is indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate
No amounts were passed through to sub-recipients for the year ended August 31 , 2024 .