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 these 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 of business 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.
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes $18,417 of expenditures incurred in the prior fiscal year related to the Disaster Grants – Public Assistance, Assistance Listing No. 97.036. The federal award related to these expenditures was not awarded until the current fiscal year; therefore, the expenditures were not reported on the prior-year SEFA and are included on the current-year SEFA.