Notes to SEFA
The accompanying schedule of expenditures of federal awards and the schedule of expenditures of state awards includes the federal and state award activity of Kendall County. The information in the schedule is presented in accordance with 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 requirements of the State of Texas Uniform Grants Management Standards ("UGMS"). Federal and State financial assistance was accounted for in the Governmental Fund types.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund Types are accounted for using a current financial resources measurement focus. All federal and state expenditures were accounted for in the General Fund and Special Revenue Funds, components of the Governmental Fund type. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and UGMS, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Federal and state grants are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are recieved, they are recorded as deferred revenues until earned.
Kendall County, Texas has elected not to use the 10-perecent de minimis indirect cost rate allowed under the Uniform Guidance.