Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of Central Independent School District (District). The information in the 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 (Uniform
Guidance). Because the Schedule presents only a selected portion of the operations of the District, it is
not intended to and does not present the financial position or changes in net position of the District.
Therefore, some amounts may differ from amounts presented in, or used in the preparation of the
financial statements.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. These
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts
shown on the Schedule, if any, represent adjustments or credits made in the normal course of business
to amounts reported as expenditures in prior years.
The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.