Title: GENERAL
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting. The City’s significant account policies, including the modified accrual basis of accounting, are
presented in Note 1 of the basic financial statements. The information in this schedule is presented in
accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to apply the de minimis indirect cost rate as allowed in Uniform Guidance.
The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award
programs of the City of Rockwall, Texas (the “City”). The City’s reporting entity is defined in Note 1 of the
financial statements. Federal awards received directly from federal agencies, as well as federal awards
passed through other government agencies, are included on the Schedule of Expenditures of Federal
Awards.
Title: BASIS OF ACCOUNTING
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting. The City’s significant account policies, including the modified accrual basis of accounting, are
presented in Note 1 of the basic financial statements. The information in this schedule is presented in
accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to apply the de minimis indirect cost rate as allowed in Uniform Guidance.
The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting. The City’s significant account policies, including the modified accrual basis of accounting, are
presented in Note 1 of the basic financial statements. The information in this schedule is presented in
accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the financial statements.
Title: PASS-THROUGH EXPENDITURES
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting. The City’s significant account policies, including the modified accrual basis of accounting, are
presented in Note 1 of the basic financial statements. The information in this schedule is presented in
accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to apply the de minimis indirect cost rate as allowed in Uniform Guidance.
None of the Federal Programs expended by the City were provided to subrecipients.
Title: INDIRECT COSTS
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting. The City’s significant account policies, including the modified accrual basis of accounting, are
presented in Note 1 of the basic financial statements. The information in this schedule is presented in
accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to apply the de minimis indirect cost rate as allowed in Uniform Guidance.
The City did not elect to apply the de minimis indirect cost rate as allowed in Uniform Guidance.