Notes to SEFA
Title: GENERAL
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using modified accrual basis of
accounting, which is described in Note I to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section
414.
The accompanying schedule of expenditures of federal awards presents the activity of all applicable federal
awards of the City of Schertz, Texas. The City’s reporting entity is defined in Note I to the City’s basic
financial statements. Federal awards received directly from federal and state agencies as well as federal
awards passed through other government agencies are included in the respective schedule.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using modified accrual basis of
accounting, which is described in Note I to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section
414.
The accompanying schedule of expenditures of federal awards is presented using modified accrual basis of
accounting, which is described in Note I to the City’s basic financial statements.
Title: RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using modified accrual basis of
accounting, which is described in Note I to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section
414.
Grant expenditure reports as of September 30, 2024, which have been submitted to grantor agencies will,
in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are
typically prepared at a later date and often reflect refined estimates of year-end accruals. The reports will
agree at termination of the grant as the discrepancies noted are timing differences.
Title: INDIRECT COSTS
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using modified accrual basis of
accounting, which is described in Note I to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section
414.
The City has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section
414.
Title: PASS-THROUGH EXPENDITURES
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using modified accrual basis of
accounting, which is described in Note I to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section
414.
None of the federal programs expended by the City were passed through to subrecipients.