Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of the Center and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the UGMS of the State of Texas Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic consolidated financial statements.
De Minimis Rate Used: Both
Rate Explanation: The Center has a negotiated indirect cost rate of 13% for certain grants but uses the de minimis rate of 10% for the remainder of grants.
Of the federal and state expenditures presented in the schedule, the Center provided no federal or state awards to subrecipients.
Title: NONCASH ASSISTANCE
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of the Center and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the UGMS of the State of Texas Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic consolidated financial statements.
De Minimis Rate Used: Both
Rate Explanation: The Center has a negotiated indirect cost rate of 13% for certain grants but uses the de minimis rate of 10% for the remainder of grants.
The Center did not receive any noncash federal or state assistance during the year.
Title: LOANS
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of the Center and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the UGMS of the State of Texas Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic consolidated financial statements.
De Minimis Rate Used: Both
Rate Explanation: The Center has a negotiated indirect cost rate of 13% for certain grants but uses the de minimis rate of 10% for the remainder of grants.
The Center did not receive any federal or state assistance in the form of loans during the year.