Notes to SEFA
Title: General
Accounting Policies: See notes
De Minimis Rate Used: Y
Rate Explanation: DETCOG has used an indirect cost, fringe benefit, and space allocation rate approved by federal and state agencies.
The Schedule of Expenditures of Federal and State Awards (SEFSA) presents the activity of all applicable federal and state awards of Deep East Texas Council of Governments and Economic Development District (DETCOG). DETCOG's reporting entity is defined in Note 1 of the basic financial statements. Federal and state awards received directly from federal and state agencies, as well as federal awards passed through other governmental agencies, are included on the SEFSA. The information in the SEFSA is 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) and the State of Texas Single Audit Circular . Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
Title: Basis of Accounting
Accounting Policies: See notes
De Minimis Rate Used: Y
Rate Explanation: DETCOG has used an indirect cost, fringe benefit, and space allocation rate approved by federal and state agencies.
The SEFSA is prepared on the modified accrual basis of accounting. The modified accrual basis of accounting is described in the notes to financial statements. Federal and state grants are considered to be earned to the extent of expenditures made under the provisions of the grant; and accordingly, when such funds are received, they are recorded as unearned revenue until earned.
Title: Relationship to Basic Financial Statements
Accounting Policies: See notes
De Minimis Rate Used: Y
Rate Explanation: DETCOG has used an indirect cost, fringe benefit, and space allocation rate approved by federal and state agencies.
Federal and state award programs are reported in DETCOG's fund financial statements. Total federal and state awards per the accompanying SEFSA include all federal and state revenues.
Title: Other Notes
Accounting Policies: See notes
De Minimis Rate Used: Y
Rate Explanation: DETCOG has used an indirect cost, fringe benefit, and space allocation rate approved by federal and state agencies.
The period of availability of federal and state grant funds for the purpose of liquidation of outstanding obligations made on or before the ending date of the project period extended 30 days beyond the project period ending date, in accordance with provisions in Section H, Period of Availability of Federal Funds, Part 3, Uniform Guidance.