Notes to SEFA
The accompanying schedules of expenditures of federal and state awards includes the federal and state grant activity of CARTS and is presented on the accrual basis of accounting. The information in these schedules are presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Texas Grant Management Standards, and the State of Texas Single Audit Circular.
CARTS has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.