Notes to SEFA
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF CEN0TEX, AND IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF UNIFORM GUIDANCE. THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED OR USED IN THE PREPARATION OF THE BASIC FINANCIAL STATEMENTTS. TIMING DIFFERENCES MAY OCCUR AS A RESULT OF RECOGNIZING ACCOUNTS PAYABLE OR CAPITAL ASSETS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.