Notes to SEFA
The information in this Schedule of Expenditures of Federal Awards and of State of Texas Awards are 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) and the Texas Grant Management Standards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the College’s financial statements. See reconciliations below: Federal Revenues: Federal Grants and Contracts (Schedule A) $ 2,005,317 Federal Student Assistance, Non-Operating (Schedule C) 5,828,264 Total Federal Revenues, per Statement of Revenues, Expenses and Changes in Net Position 7,833,581 Reconciling Item – Direct Student Loans 1,189,148 Total Federal Revenues per Schedule of Expenditures of Federal Awards $ 9,022,729 State Revenues: State Grants and Contracts (Schedule A) $ 1,035,178 Total State Revenues per Schedule of Expenditures of State Awards $ 1,035,178
Differences between amounts reflected in the financial reports filed with grantor agencies for the programs and in the Schedules of Expenditures of Federal and State of Texas Awards are due to different program year-end dates and accruals that will be reflected in the next report filed with the agencies.