Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Panola County,Texas, under programs of the federal government for the year ended December 31, 2022 and is presented on themodified accrual basis of accounting. The information in this schedule is presented in accordance with therequirements of Title 2 U. S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples and Audit Requirements for Federal Awards (Uniform Guidance. Because the schedule presents only aselected potion of operations of Panola County, Texas, it is not intended to and does not present the financialposition, changes in net assets or cash flows of Panola County, Texas.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.