Notes to SEFA
Accounting Policies: The expenditures included in the schedule of expenditures of federal awards (the "schedule") are reported for theDistrict's fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. Theexpenditures reported above represent funds that have been expended by the District and the University of Texas- RGV for the purpose of the award. The expenditures reported above may not have been reimbursed by thefunding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ fromamounts used in the preparation of the basic financial statements. Separate accounts are maintained for thedifferent awards to aid in the observance of limitations and restrictions imposed by the funding agencies. TheDistrict has followed all applicable guidelines issued by various entities in the preparation of the schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.