Audit 356839

Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant a<.:tivity of The Council on Alcohol & Drug Abuse - Coastal Bend and is presented on the modified accrual basis of accounting. The information in this schedule is presented in a<.:cordanco with the requirements of Title 2 U.S. Code of federal Regulations Pmt 200, Uniform Administrative Requirements, Cost Prindpfos, ,md Audit Requirements for Federal Awards (Uniform Guidance) and the Stale of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ From amountc; presented in, or used in the;: preparation ot~ the general purpose finandal statements. All of The Council on Alcohol & Drug Abuse - Coastal Bend's federal and state awards were in the form of cash assistance. The Council on Alcohol & Drug Abuse - Coast.al Bcml had no foderal or state funded insurance programs or loan guarantees during the year 1;:nded August 3 I, 2024. The Council on Alcohol & Drug Abuse - - Coastal Btmd used itc; approved indirect cost rate of 29.48% during the year ended August 3 l, 2024. Indirect Cost Rate The indirect cost rate(s) contained herein are for use on grants with Pederal, State, or both governments to which 2 CFR Parl 200- Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards or the State of Texas Uniform Grant Management Standards apply. The rate base for costs is direct salaries and wages. The rate applies to all programs administered by the non-federal entity. To determine the amount of indirect costs to be billed under this agreement, direct salaries and wages should be summed and multiplied by the rate. AH other program costs, including fringe benefits associated with direct salaries and wages, should be eliminated. De Minimis Rate Used: Y Rate Explanation: Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant a<.:tivity of The Council on Alcohol & Drug Abuse - Coastal Bend and is presented on the modified accrual basis of accounting. The information in this schedule is presented in a<.:cordanco with the requirements of Title 2 U.S. Code of federal Regulations Pmt 200, Uniform Administrative Requirements, Cost Prindpfos, ,md Audit Requirements for Federal Awards (Uniform Guidance) and the Stale of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ From amountc; presented in, or used in the;: preparation ot~ the general purpose finandal statements. All of The Council on Alcohol & Drug Abuse - Coastal Bend's federal and state awards were in the form of cash assistance. The Council on Alcohol & Drug Abuse - Coast.al Bcml had no foderal or state funded insurance programs or loan guarantees during the year 1;:nded August 3 I, 2024. The Council on Alcohol & Drug Abuse - - Coastal Btmd used itc; approved indirect cost rate of 29.48% during the year ended August 3 l, 2024. Indirect Cost Rate The indirect cost rate(s) contained herein are for use on grants with Pederal, State, or both governments to which 2 CFR Parl 200- Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards or the State of Texas Uniform Grant Management Standards apply. The rate base for costs is direct salaries and wages. The rate applies to all programs administered by the non-federal entity. To determine the amount of indirect costs to be billed under this agreement, direct salaries and wages should be summed and multiplied by the rate. AH other program costs, including fringe benefits associated with direct salaries and wages, should be eliminated.