Notes to SEFA
The accompanying schedules of expenditures of federal and state awards (the “Schedules”) present the activity of all federal and state financial assistance programs of the County.
The Schedules are presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Texas Grant Management Standards (TxGMS). Therefore, some amounts presented in the Schedules may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Expenditures reported on the Schedules are reported on the modified accrual basis of accounting. These expenditures are recognized following the cost principles contained in the Uniform Guidance and the TxGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedules, if any, represent, adjustments or credits made in the normal course to amounts reported as expenditures in prior years.
The County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance and the TxGMS.