Notes to SEFA
The accompanying Schedule of Expenditures of Federal and Schedule of Expenditures of State Awards (the “Schedules”), present the activity of all federal and state financial assistance programs of Maverick County, Texas (the “County”), for the year ended September 30, 2025. The County’s reporting entity is defined in Note 1 to the County’s financial statements. Federal and state financial assistance received directly from federal agencies and other agencies are included in the Schedules.
The accompanying Schedules are presented using the modified accrual basis of accounting, which is described in Note 1 to the County’s financial statements.
The County did not elect to use a de minimis cost rate of 10% as described at 2 CFR §200.414(f)—Indirect (F&A) costs.
None of the federal programs expended by the County were provided to subrecipients.