Audit 355954

FY End
2024-09-30
Total Expended
$6.55M
Findings
0
Programs
7
Organization: Polk County, Texas (TX)
Year: 2024 Accepted: 2025-05-09

Organization Exclusion Status:

Checking exclusion status...

Contacts

Name Title Type
XNQMWLVQZNM3 Louis Ploth Auditee
9363276811 Kent Willis Auditor
No contacts on file

Notes to SEFA

Title: Basis of Accounting Accounting Policies: The Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting is described in Note I 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 (CFR) 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 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 County has elected not to use the de minimis indirect cost rate as allowed in the Uniform Guidance. The Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting is described in Note I 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 (CFR) 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 of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: Basis of Presentation Accounting Policies: The Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting is described in Note I 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 (CFR) 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 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 County has elected not to use the de minimis indirect cost rate as allowed in the Uniform Guidance. The Schedule of Expenditures of Federal and State Awards presents the activity of all applicable federal and state awards programs of the County. The County’s reporting entity is defined in Note I of the basic financial statements. Federal and state awards received directly from federal and state agencies, as well as awards passed through other government agencies, are included on the Schedule of Expenditures of Federal and State Awards.
Title: Indirect Costs Accounting Policies: The Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting is described in Note I 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 (CFR) 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 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 County has elected not to use the de minimis indirect cost rate as allowed in the Uniform Guidance. The County has elected not to use the de minimis indirect cost rate as allowed in the Uniform Guidance.