Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Central Heights
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
Independent School District and is presented on the modified accrual basis of accounting. The information in this
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
of the basic financial statements.
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
2. For all federal programs, the District uses the fund types specified in Texas Education Agency's Financial Accountability
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
System Resource Guide . Special revenue funds are used to account for resources restricted to, or designated for, specific
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
3. The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
governmental fund types are accounted for using a current financial resources measurement focus. All federal grant
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
funds were accounted for in the General Fund or a Special Revenue Fund which are governmental fund types. With this
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
measurement focus, only current assets and current liabilities and the fund balance are included on the balance sheet.
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
Operating statements of these funds present increases and decreases in net current assets.
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
The modified accrual basis of accounting is used for the governmental fund types, and agency funds. The basis of
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
accounting recognizes revenues in the accounting period in which they become susceptible to accrual, i.e., both
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
measurable and available, and expenditures in the accounting period in which the fund liability is incurred, if measurable,
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
except for unmatured interest on general long-term debt, which is recognized when due, and certain compensated
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
absences and claims and judgments, which are recognized when the obligations are expected to be liquidated with
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
expendable available financial resources.
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant,
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
and, accordingly, when such funds are received, they are recorded as unearned revenues until earned.
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
4. The period of availability for federal grant funds for the purpose of liquidation of outstanding obligations made on or
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
before the ending date of the federal project period extended 30 days beyond the federal project period ending date,
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
in accordance with provisions in Section H, Period of Availability of Federal Funds, Part 3 Uniform Guidance Compliance
Title: SEFA Note
Accounting Policies: See Listing
De Minimis Rate Used: N
Rate Explanation: No indirect cost used.
Statement - Provisional 6/97.