Title: Note 1. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal/state awards includes the federla and state grant activity of Cameron County, Texas as the primary government, and is presented on the modified accrual basis of accouting. 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) and the State of Texas Grant Management Standards. Therefore, some amounts presented in this schedule may differ form amounts presented in, or used, in preparation,of the general purpose financial statements.
De Minimis Rate Used: Y
Rate Explanation: The uniform guidance allows an organization to elect 10% de minimus indirect cost rate. For the fiscal year ended September 30, 2024, the County elected to use this rate.
The accompanying schedule of expenditures of federal/state awards includes the federal and state grant activity of Cameron County, Texas as the primary government, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accrodance 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) and the State of Texas Grant Management Standards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used, in preparation of the general purpose financial statements.
Title: Note 2. Indirect Cost rate
Accounting Policies: The accompanying schedule of expenditures of federal/state awards includes the federla and state grant activity of Cameron County, Texas as the primary government, and is presented on the modified accrual basis of accouting. 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) and the State of Texas Grant Management Standards. Therefore, some amounts presented in this schedule may differ form amounts presented in, or used, in preparation,of the general purpose financial statements.
De Minimis Rate Used: Y
Rate Explanation: The uniform guidance allows an organization to elect 10% de minimus indirect cost rate. For the fiscal year ended September 30, 2024, the County elected to use this rate.
The Uniform Guirance allows an organization to elect a 10% de minimus indirect cost rate. For the fiscal year ended September 30, 2024, the County elected to use this rate.
Title: Note 3. Non-cash, Loans and Loan Guarantees, and Federally Funded Insurance
Accounting Policies: The accompanying schedule of expenditures of federal/state awards includes the federla and state grant activity of Cameron County, Texas as the primary government, and is presented on the modified accrual basis of accouting. 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) and the State of Texas Grant Management Standards. Therefore, some amounts presented in this schedule may differ form amounts presented in, or used, in preparation,of the general purpose financial statements.
De Minimis Rate Used: Y
Rate Explanation: The uniform guidance allows an organization to elect 10% de minimus indirect cost rate. For the fiscal year ended September 30, 2024, the County elected to use this rate.
During the fiscal year ended September 30, 2024, Cameron County, Texas had $0 balances for non cash, Loans and Loan Gaurantees, and Federally Funded Insurance.