Title: NOTE 1 ‐ BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Harlingen Consolidated Independent School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Harlingen Consolidated Independent School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
Title: NOTE 2 – PROGRAM REPORTING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Harlingen Consolidated Independent School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
ROTC, SHARS, and MAC revenues are accounted for in the general fund. The National School Lunch Program, School Breakfast Program Commodity Supplemental Food Program, and Summer Feeding Program are accounted for in the National Breakfast and Lunch Program. Expenditures are not specifically attributable to these revenues and are shown on this schedule in an amount equal to revenue for balancing purposes only. Reconciliation from the Schedule of Expenditures of Federal Awards to the Exhibit C‐3:
Total expenditures of federal awards, per Exhibit K‐1 $ 71,898,351
SHARS 2,471,003
Federal Subsidies ‐ Interest Payments IRS 698,640
Universal eRate 1,513,491
Payments in Lieu of Taxes 56,492
Total Federal Revenues, per Exhibit C‐3 $ 76,637,977
Title: NOTE 3 – SUB‐RECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Harlingen Consolidated Independent School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
During the year ended June 30, 2023, the Harlingen Consolidated Independent School District had no subrecipients.
Title: NOTE 4 – FEDERAL LOANS AND LOAN GUARANTEES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Harlingen Consolidated Independent School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
During the year ended June 30, 2023, the District had no outstanding federal loans payable or loan guarantees.
Title: NOTE 5 – FEDERALLY FUNDED INSURANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Harlingen Consolidated Independent School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
During the year ended June 30, 2023, the District had no federally funded insurance.
Title: NOTE 6 – NONCASH AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Harlingen Consolidated Independent School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
During the year ended June 30, 2023, the District received $988,397 of federal awards in the form of noncash assistance.
Title: NOTE 7 – INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Harlingen Consolidated Independent School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.