Notes to SEFA
Accounting Policies: A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES GeneralThe accompanying Schedules of Expenditures of Federal and State Awards presents the activity of all federal and state award programs of Waller County, Texas (the "County"). Basis of AccountingThe accompanying Schedules of Expenditures of Federal and State Awards are presented using the modified accrual basis of accounting for governmental funds. B - CONTINGENCIESThe County participates in several federal and state grant programs, which are governed by various rules and regulations of the grantor agencies. Costs charged to the respective grant programs are subject to audit and adjustment by the grantor agencies; therefore, to the extent that the County has not complied with the rules and regulations governing the grants, refunds of any money received may be required and the collectability of any related receivable at December 31, 2022 may be impaired. In the opinion of management, there are no significant contingent liabilities relating to compliance with the rules and regulations governing the respective grants.C Reconciliation of U. S. Treasury State and Local Financial Recovery Fund Reports to SEFASLFRF reports are required to be reported by the end of the month following the end of a calendar quarter. The county's internal financial reports are made on the cash basis with an adjustment to GAAP basis for annual financial reporting on the SEFA.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.