Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State Awards presents the activity of all applicable federal and state awards programs of Montgomery County, Texas. The County’s reporting entity is defined in Note 1 of the basic financial statements. Federal and state awards received directly from federal and state agencies, as well as awards passed through other government agencies, are included on the Schedule of Expenditures of Federal and State Awards.
The accompanying Schedule of Expenditures of Federal and State Awards is presented using the modified accrual basis of accounting. The modified accrual basis of accounting is described in Note 1 of the basic financial statements.
The County did not elect to apply the de minimis indirect cost rate as allowed in the Uniform Guidance.
Included in the expenditures reported for assistance listing 97.036 are $16,293,978 that were incurred in a previous year. These expenditures were reported as expenditures in the financial statements in fiscal year 2024, but federal funds were not obligated or awarded until fiscal year 2025.