Notes to SEFA
Title: A. General
Accounting Policies: B. Basis of Accounting
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of
accounting. These expenditures are accounted for under special revenue funds.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate
Indirect costs shown on the Schedule of Expenditures of Federal and State Awards are properly credited as revenues to the
General Fund. These indirect cost revenues are determined by applying approved indirect cost rates to actual applicable
expenditures of the projects. The Board has elected not to use the 10% de minimis cost rate as covered in 200.414 Indirect
(F&A) costs.
The accompanying Schedule of Expenditures of Federal and State Awards presents the activity of all federal and state
assistance programs of the Board. The Board’s reporting entity is defined in Note A to the Board’s financial statements.
Federal awards received directly from federal agencies as well as federal awards passed through other government agencies
are included on the schedule.
Title: C. Oversight Responsibilities
Accounting Policies: B. Basis of Accounting
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of
accounting. These expenditures are accounted for under special revenue funds.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate
Indirect costs shown on the Schedule of Expenditures of Federal and State Awards are properly credited as revenues to the
General Fund. These indirect cost revenues are determined by applying approved indirect cost rates to actual applicable
expenditures of the projects. The Board has elected not to use the 10% de minimis cost rate as covered in 200.414 Indirect
(F&A) costs.
The Board has oversight responsibilities in connection with many grants received an administered by C2 Global Professional
Services, LLC and Equus Workforce Solutions. These grants are included in those entities’ single audits and schedules of
federal and state awards.
Title: E. State Contracts
Accounting Policies: B. Basis of Accounting
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of
accounting. These expenditures are accounted for under special revenue funds.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate
Indirect costs shown on the Schedule of Expenditures of Federal and State Awards are properly credited as revenues to the
General Fund. These indirect cost revenues are determined by applying approved indirect cost rates to actual applicable
expenditures of the projects. The Board has elected not to use the 10% de minimis cost rate as covered in 200.414 Indirect
(F&A) costs.
The Board receives payments for Vocational Rehab under state contracts in which the Board provides services as a vendor
and therefore, these funds are not subject to the Texas Grant Management Standards.
Title: F. Negative Expenditures
Accounting Policies: B. Basis of Accounting
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of
accounting. These expenditures are accounted for under special revenue funds.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate
Indirect costs shown on the Schedule of Expenditures of Federal and State Awards are properly credited as revenues to the
General Fund. These indirect cost revenues are determined by applying approved indirect cost rates to actual applicable
expenditures of the projects. The Board has elected not to use the 10% de minimis cost rate as covered in 200.414 Indirect
(F&A) costs.
Negative amounts on the Schedule of Expenditures of Federal and State Awards (SEFSA) typically represent adjustments or
credits related to prior year federal or state expenditures. These adjustments are often due to reallocations, reimbursements,
or corrections, and are included to reflect the total expenditures for the reporting period. The negative expenditures
presented on the SESFA are for reallocations in the amount of $98,291 from 1123CCQ001 to 1123CCM001.