Notes to SEFA
The Schedule of Expenditures of Federal and State Awards presents the activity of all applicable federal and state awards programs of Coastal Bend Council of Governments (the “Council”). The Council'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 federal awards passed through other government agencies, are included on the Schedule of Expenditures of Federal and State Awards.
The 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.
Amounts reported on the Schedule may not agree with amounts reported in the related Federal/State financial status reports filed with grantor agencies because of the effect of accruals made in the Schedule.
The Council has elected not to use the de minimis indirect cost rate as allowed in the Uniform Guidance.