Title: Note 2 - Basis of Presentation
Accounting Policies: Note 1 - Summary of Significant Accounting Policies
The County accounts for awards under federal and state programs in the General and Special Revenue governmental funds.
In the governmental funds, federal and state programs are accounted for using a current financial resources measurement
focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet.
Operating statements of these funds present increases (i.e. revenues and other financing sources) and decreases (i.e.
expenditures and other financing uses) in net current assets.
The modified accrual basis of accounting is used for these funds. This basis of accounting recognizes revenues in the
accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the
accounting period in which the liability is incurred, if measurable, except for certain compensated absences and claims and
judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial
resources. Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain
types of expenditures are not allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
Federal and state grant funds are considered to be earned to the extent of expenditures made under the provisions of the
grant, and, accordingly, when such funds are received, they are recorded as unearned revenues until earned. Generally,
unused balances are returned to the grantor at the close of specified project periods.
De Minimis Rate Used: N
Rate Explanation: Note 3 - Indirect Costs
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state grant activities of the County under programs of the federal and state governments for the year ended September 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Texas Grant Management Standards (TxGMS). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents on a selected portion of the operations of the County, it is not intended to and does not present the financial position, changes in net position or cash flows of the County.
Title: Note 4 - Availability of Federal and State Grant Funds
Accounting Policies: Note 1 - Summary of Significant Accounting Policies
The County accounts for awards under federal and state programs in the General and Special Revenue governmental funds.
In the governmental funds, federal and state programs are accounted for using a current financial resources measurement
focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet.
Operating statements of these funds present increases (i.e. revenues and other financing sources) and decreases (i.e.
expenditures and other financing uses) in net current assets.
The modified accrual basis of accounting is used for these funds. This basis of accounting recognizes revenues in the
accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the
accounting period in which the liability is incurred, if measurable, except for certain compensated absences and claims and
judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial
resources. Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain
types of expenditures are not allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
Federal and state grant funds are considered to be earned to the extent of expenditures made under the provisions of the
grant, and, accordingly, when such funds are received, they are recorded as unearned revenues until earned. Generally,
unused balances are returned to the grantor at the close of specified project periods.
De Minimis Rate Used: N
Rate Explanation: Note 3 - Indirect Costs
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The period of availability for federal and state grant funds for the purpose of liquidation of outstanding obligations made on
or before the ending date of the federal and state project period extended 90 days beyond the federal and state project
period ending date, in accordance with provisions of the Compliance Supplement.
Title: Note 5 - Relationship to Federal and State Financial Reports
Accounting Policies: Note 1 - Summary of Significant Accounting Policies
The County accounts for awards under federal and state programs in the General and Special Revenue governmental funds.
In the governmental funds, federal and state programs are accounted for using a current financial resources measurement
focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet.
Operating statements of these funds present increases (i.e. revenues and other financing sources) and decreases (i.e.
expenditures and other financing uses) in net current assets.
The modified accrual basis of accounting is used for these funds. This basis of accounting recognizes revenues in the
accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the
accounting period in which the liability is incurred, if measurable, except for certain compensated absences and claims and
judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial
resources. Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain
types of expenditures are not allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
Federal and state grant funds are considered to be earned to the extent of expenditures made under the provisions of the
grant, and, accordingly, when such funds are received, they are recorded as unearned revenues until earned. Generally,
unused balances are returned to the grantor at the close of specified project periods.
De Minimis Rate Used: N
Rate Explanation: Note 3 - Indirect Costs
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
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.