Res 1989-033 - Laserfiche WebLink

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CITY OF SAN MARCOS, TEXAS NOTES TO SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE For the Year Ended September 30, 1988 General - The accompanying Schedule of Federal Financial Assistance presents the activity of all federal assistance programs of the City of San Marcos, Texas (the City). The City's reporting entity is defined in note 1 to the City's general purpose financial statements. Federal financial assis- tance received directly from federal agencies as well as federal financial assistance passed through other government agencies are included in the schedule. Furthermore, financial assistance originating at the state level is included for additional informational purposes. Basis of Accounting - The accompanying schedule of federal financial assis- tance is presented using the modified accrual basis of accounting, which is described in note 1 to the City's general purpose financial statements. Relationship to General Purpose Financial Statements - Federal financial assistance revenues are reported in the City's general purpose financial statements as follows: Deferred Inter- Revenue governmental and Other Revenues Contributions Adiustments Total Special revenue funds: Community development $ 13,400 - 750 14,150 Library grant 20,279 - - 20,279 Police grant 32,844 - - 32,844 WIC project 275,443 - - 275,443 HCC project 12,119 - - 12,119 Capital projects funds: 1985 General obligation bonds 5,436 - - 5,436 Enterprise funds: Airport - 225.410 -=- 225.410 Total federal financial assistance 359,521 225,410 750 585,681 Non-federal financial assistance - police grant 24.304 - -=- 24.304 Total financial assistance $ 383.825 225.410 ~ 609.985 Enterprise Funds - Contributions from other governments $ 225,410 Special revenue funds - Intergovernmental revenue 379,139 Capital projects funds - Intergovernmental revenues 5.436 $ 609.985 5