Notes to SEFA
Title: Notes on Accounting policies for Federal Awards.
Accounting Policies: Accounted for using ta current financial resources measurment focus. The mokifired accrual basis of accounting is used for the Governmental fund types.
De Minimis Rate Used: N
Rate Explanation: .The indirect cost rates were: Unrestricted 23.736% and restricted 5.024% These rates werecalculate by TEAbased on Teague isd data.
The period of performance for federal grant funds for the purpose of liquidation of outstanding obligations made on or before the ending date of the federal project period extended 90 days beyond the federal project period ending date in accordance with provisions in Section H, Period of performance of Federal Funds 3, CFR sedction 200.343(b).
Title: Notes on Accounting policies for Federal Awards.
Accounting Policies: Accounted for using ta current financial resources measurment focus. The mokifired accrual basis of accounting is used for the Governmental fund types.
De Minimis Rate Used: N
Rate Explanation: .The indirect cost rates were: Unrestricted 23.736% and restricted 5.024% These rates werecalculate by TEAbased on Teague isd data.
Assistance Listing numbers for commodity assistqnce ar eht Assistance Listing numbers of the programs under which USDA donated the commodities.
Title: Notes on Accounting policies for Federal Awards.
Accounting Policies: Accounted for using ta current financial resources measurment focus. The mokifired accrual basis of accounting is used for the Governmental fund types.
De Minimis Rate Used: N
Rate Explanation: .The indirect cost rates were: Unrestricted 23.736% and restricted 5.024% These rates werecalculate by TEAbased on Teague isd data.
Indirect cost reimbursement for federal programs for this fiscal year was $82,919
Title: Notes on Accounting policies for Federal Awards.
Accounting Policies: Accounted for using ta current financial resources measurment focus. The mokifired accrual basis of accounting is used for the Governmental fund types.
De Minimis Rate Used: N
Rate Explanation: .The indirect cost rates were: Unrestricted 23.736% and restricted 5.024% These rates werecalculate by TEAbased on Teague isd data.
Reconciliation information: Amount reported on the schedule of federal awards is $2,663,523. SHARS revenue reported in the general fund was $464,422. Indirect cost reported in the general fund wa $82,919