Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accounting and financial reporting treatement applied to a fund is determined by its measurement focus. The Governmental Fund Types are accounted for using a current financila resources measurement focus. All federal expenditures were accounted for the in the General Fund and Special Revenue Funds, components of the Governmental Fund Type. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Federal grants are considered earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are reocrded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Bandera County, Texase has elected not to use the 10-percent de minimis indirect cost rate allowed by the Uniform Guidance.
The accompanying schedule of expenditures of federal awards ("the Schedule") includes the federal award activity of Bander County, Texas under programs of the federal government for the year ended September 30, 2024. The information in the 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"). Federal and State financial assistance was accounted for in the Governmental Fund types.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accounting and financial reporting treatement applied to a fund is determined by its measurement focus. The Governmental Fund Types are accounted for using a current financila resources measurement focus. All federal expenditures were accounted for the in the General Fund and Special Revenue Funds, components of the Governmental Fund Type. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Federal grants are considered earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are reocrded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Bandera County, Texase has elected not to use the 10-percent de minimis indirect cost rate allowed by the Uniform Guidance.
The accounting and financial reporting treatement applied to a fund is determined by its measurement focus. The Governmental Fund Types are accounted for using a current financila resources measurement focus. All federal expenditures were accounted for the in the General Fund and Special Revenue Funds, components of the Governmental Fund Type. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Federal grants are considered earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are reocrded as deferred revenues until earned.
Title: Indirect Cost Rate
Accounting Policies: The accounting and financial reporting treatement applied to a fund is determined by its measurement focus. The Governmental Fund Types are accounted for using a current financila resources measurement focus. All federal expenditures were accounted for the in the General Fund and Special Revenue Funds, components of the Governmental Fund Type. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Federal grants are considered earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are reocrded as deferred revenues until earned.
De Minimis Rate Used: N
Rate Explanation: Bandera County, Texase has elected not to use the 10-percent de minimis indirect cost rate allowed by the Uniform Guidance.
Bandera County, Texase has elected not to use the 10-percent de minimis indirect cost rate allowed by the Uniform Guidance.