Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Guadalupe-Blanco River Authority, and is presented on the accrual basis of accounting. The information in this schedule 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. GBRA has elected not to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.