Audit 37785

Accounting Policies: BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards presents the activity of all applicable federal awards of Coryell County, Texas for the year ended September 30, 2022. The County's reporting entity is defined in Note 1 of the financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through other governmental agencies are included on the Schedule of Expenditures of Federal Awards. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance.) Because the schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position or change in net position of the County.SIGNIFICANT ACCOUNTING POLICIESExpenditures in the accompanying Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. The accrual basis of accounting is described in Note 1 of the financial statements. Federal grants are considered to be earned to the extent of expenditures made under the provisions of the grant. The format for the Schedule of Expenditures of Federal Awards has been prescribed by the Uniform Guidance. Such format includes revenue and expenditures recognized in the Countys financial statements. Coryell County, Texas did not elect to use the 10 percent de minimis indirect cost rate.SUBRECIPIENTSThere were no subrecipients of the federal expenditures presented in the accompanying Schedule of Expenditures of Federal Awards.RECONCILIATION OF INTERGOVERNMENTAL AND GRANT REVENUEFederal grant revenue$ 2,728,468State and local intergovernmental and grant revenue 1,272,648Total Intergovernmental and grant revenue$ 4,001,116 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.