Notes to SEFA
The accompanying schedule of expenditures of federal awards presents the activity of all applicable federal awards of Guadalupe County, Texas (the County). Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the respective schedule.
The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting. Expenditures are recognized when the related fund liability is incurred. Federal grants are considered to be earned to the extent of expenditures made under the provisions of the grant and, accordingly, when such funds are received they are recorded as deferred revenue until earned.
Grant expenditure reports as of September 30, 2025, which have been submitted to grantor agencies will, in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are typically prepared at a later date and often reflect refined estimates of year-end accruals. The reports will agree at termination of the grant as the discrepancies noted are timing differences.
The County has not elected to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.