Notes to SEFA
Accounting Policies: For all Federal programs, the District uses the fund types specified in Texas Education Agency'sFinancial Accountability System Resource Guide. Special revenue funds are used to account forresources restricted to, or designated for, specific purposes by a grantor. Federal and state financialassistance generally is accounted for in a Special Revenue Fund.? The accounting and financial reporting treatment applied to a fund is determined by its measurementfocus. The Governmental Fund types are accounted for using a current financial resourcesmeasurement focus. All Federal grant funds were accounted for in a Special Revenue Fund or, insome instances, in the General Fund which are Governmental Fund type funds.With this measurement focus, only current assets and current liabilities and the fund balance areincluded on the balance sheet. Operating statements of these funds present increases and decreasesin net current assets. The modified accrual basis of accounting is used for the Governmental Fundtypes. This basis of accounting recognizes revenues in the accounting period in which they becomesusceptible to accrual, i.e., both measurable and available, and expenditures in the accounting periodin which the fund liability is incurred, if measurable, except for unmatured interest on GeneralLong-Term Debt, which is recognized when due, and certain compensated absences and claims andjudgments, which are recognized when the obligations are expected to be liquidated with expendableavailable financial resources.Federal grant funds are considered to be earned to the extent of expenditures made under theprovisions of the grant, and, accordingly, when such funds are received, they are recorded asunearned revenues until earned.? The period of availability for federal grant funds for the purpose of liquidation of outstandingobligations made on or before the ending date of the federal project period extended 90 days beyondthe federal project period ending date, in accordance with provisions in Section H, Period ofAvailability of Federal Funds, Part 3, Uniform Guidance Compliance Supplement.? CFDA numbers for commodity assistance are the CFDA numbers of the programs under whichUSDA donated the commodities.? Indirect cost reimbursement for federal programs for this fiscal year was received in the amount of$2,946,378. The District has not elected to use the 10% de minimis indirect cost rate of the UniformGuidance.? The Schedule of Federal Awards does not include: 1) funds for School Health and Related Services(SHARS), 2) Medicaid Administrative Claiming reimbursements accrued but not spent as of August31, 2022, or 3) payments to Tyler ISD as a member district for the Perkins Reserve grant which wouldduplicate the grant expenditures reported as fiscal agent in Fund 338.The following table reconciles total federal program revenues per Exhibit C-3 to the total expendituresper The Schedule of Expenditures of Federal Awards:Total federal programs revenue per Exhibit C-3 $ 64,203,732SHARS (199) (3,590,231.00)MAC accrued but unexpended (272) (38,666.00)Payments to Tyler ISD (251) (374,213.00)Total expenditures of federal awards $ 60,200,622
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.