Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (SEFSA) includes the federal and state grant activity of the Organization, and is presented on the accrual basis of accounting. The SEFSA 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) and the State of Texas Grant Management Standards (the “TxGMS”). Therefore, some amounts presented in this SEFSA may differ from amounts presented in, or used in the preparation of, the financial statements.
Expenditures reported on the SEFSA are reported on the accrual basis of accounting. These expenditures are recognized following the cost principles contained in the Uniform Guidance and the TxGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the SEFSA, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
The Organization elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.