Title: BASIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal and State Awards presents the activity of all applicable federal and state awards of the County for the year ending September 30, 2024. The County's reporting entity is defined in the notes of the basic financial statements. Federal and state financial assistance received directly from federal or state agencies as well as federal and state financial assistance passed through other governmental agencies are included on the Schedule of Expenditures of Federal and State Awards. The information on 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 State of Texas Uniform Grant Management Standards, State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform guidance. The County uses an indirect cost rate for the Title IV-E legal grant which is collected annually by Justice Benefits, Inc.
The Schedule of Expenditures of Federal and State Awards presents the activity of all applicable federal and state awards of the County for the year ending September 30, 2024. The County's reporting entity is defined in the notes of the basic financial statements. Federal and state financial assistance received directly from federal or state agencies as well as federal and state financial assistance passed through other governmental agencies are included on the Schedule of Expenditures of Federal and State Awards. The information on 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 State of Texas Uniform Grant Management Standards, State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Title: BASIS OF ACCOUNTING
Accounting Policies: The Schedule of Expenditures of Federal and State Awards presents the activity of all applicable federal and state awards of the County for the year ending September 30, 2024. The County's reporting entity is defined in the notes of the basic financial statements. Federal and state financial assistance received directly from federal or state agencies as well as federal and state financial assistance passed through other governmental agencies are included on the Schedule of Expenditures of Federal and State Awards. The information on 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 State of Texas Uniform Grant Management Standards, State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform guidance. The County uses an indirect cost rate for the Title IV-E legal grant which is collected annually by Justice Benefits, Inc.
The Schedule of Expenditures of Federal and State Awards is prepared on the modified accrual basis of accounting. Expenditures are recognized when the related fund liability is incurred. Federal and State grants are considered to be earned to the extent of expenditures made under the provision of the grant and, accordingly, when such funds are received they are recorded as unearned revenue until earned.
Title: INDIRECT COST RATE
Accounting Policies: The Schedule of Expenditures of Federal and State Awards presents the activity of all applicable federal and state awards of the County for the year ending September 30, 2024. The County's reporting entity is defined in the notes of the basic financial statements. Federal and state financial assistance received directly from federal or state agencies as well as federal and state financial assistance passed through other governmental agencies are included on the Schedule of Expenditures of Federal and State Awards. The information on 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 State of Texas Uniform Grant Management Standards, State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform guidance. The County uses an indirect cost rate for the Title IV-E legal grant which is collected annually by Justice Benefits, Inc.
The County has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform guidance. The County uses an indirect cost rate for the Title IV-E legal grant which is collected annually by Justice Benefits, Inc.
Title: OTHER ASSISTANCE
Accounting Policies: The Schedule of Expenditures of Federal and State Awards presents the activity of all applicable federal and state awards of the County for the year ending September 30, 2024. The County's reporting entity is defined in the notes of the basic financial statements. Federal and state financial assistance received directly from federal or state agencies as well as federal and state financial assistance passed through other governmental agencies are included on the Schedule of Expenditures of Federal and State Awards. The information on 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 State of Texas Uniform Grant Management Standards, State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform guidance. The County uses an indirect cost rate for the Title IV-E legal grant which is collected annually by Justice Benefits, Inc.
During the year ended September 30, 2024, Bell County received $ -0- in insurance, loans and loan guarantees.