Notes to SEFA
Accounting Policies: 1. GENERALThe Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all applicable federalaward programs of Valley View Independent School District (the District). The Districts reporting entity isdefined in Note I of the financial statements. Federal awards received directly from federal agencies, as well asfederal awards passed through other government agencies, are included on the Schedule.In accordance with Texas Education Agency (TEA) instructions, federal funds for the School Health and RelatedServices (SHARS) have been excluded from the Schedule.Federal funds for the Child Nutrition Cluster, SHARS, Medicaid Administration Claiming Program (MAC),R.O.T.C., Commodity Supplemental Program, NSLP Equipment Assistance Grant, and revenues for indirect costare reported in the General Fund. All other federal programs are accounted for and reported in Special RevenueFunds.2. BASIS OF ACCOUNTING AND PRESENTATIONThe Schedule is presented using the modified accrual basis of accounting. The Districts significant accountingpolicies, including the modified accrual basis of accounting, are presented in Note 1 of the basic financialstatements.The Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Therefore, some of the amounts presented in this Schedule may differ from amountspresented in, or used in the preparation of, the financial statements.3. PASS-THROUGH EXPENDITURESNone of the federal programs expended by the District were provided to subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.