Notes to SEFA
Title: NOTE A
Accounting Policies: NOTE B
De Minimis Rate Used: N
Rate Explanation: NOTE C
NOTE A-BASIS OF PRESENTATION - The accompanying schedule of expenditures of state awards (the Schedule) includes the state award activity of the Falls County, Texas under programs of the state government for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of the standards applicable to financial audits contained in Uniform Grant Management Standards promulgated by the Office of the Governor under 34 TAC Part 1, Chapter 20, Subchapter 1 - Comptroller. Because the Schedule presents only a selected portion of the operations of the Falls County, Texas, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Falls County, Texas.
Title: NOTE B
Accounting Policies: NOTE B
De Minimis Rate Used: N
Rate Explanation: NOTE C
NOTE B-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Grant Management Standards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE C
Accounting Policies: NOTE B
De Minimis Rate Used: N
Rate Explanation: NOTE C
NOTE C-INDIRECT COST RATE - The Falls County, Texas has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Grant Management Standards.