Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the TxGMS, wherein certain expenditures are not allowed or are limited to reimbursement. Negative amounts shown on the Schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Y
Rate Explanation: The 10% de minimis cost rate, as permitted in the UG, Section 200.414, is used.
The accompanying schedules of expenditures for federal and state awards (the “Schedules”) include the federal and state award activity of Eastland County under federal and state government programs for the year ended September 30, 2024. The information in the Schedules are presented in accordance with the
requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Audits of States, Local Governments, and Non-Profit Organizations, and the State of Texas Uniform Grant Management Standards (TxGMS). Because the Schedules present only a selected portion of the operations of Eastland County, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Eastland County.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the TxGMS, wherein certain expenditures are not allowed or are limited to reimbursement. Negative amounts shown on the Schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Y
Rate Explanation: The 10% de minimis cost rate, as permitted in the UG, Section 200.414, is used.
Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the TxGMS, wherein certain expenditures are not allowed or are limited to reimbursement. Negative amounts shown on the Schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the TxGMS, wherein certain expenditures are not allowed or are limited to reimbursement. Negative amounts shown on the Schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Y
Rate Explanation: The 10% de minimis cost rate, as permitted in the UG, Section 200.414, is used.
The 10% de minimis cost rate, as permitted in the UG, Section 200.414, is used.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the TxGMS, wherein certain expenditures are not allowed or are limited to reimbursement. Negative amounts shown on the Schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: Y
Rate Explanation: The 10% de minimis cost rate, as permitted in the UG, Section 200.414, is used.
The County does not pass any of their funding to subrecipients.