Title: GENERAL
Accounting Policies: The expenditures included in the Schedules are reported for the College’s fiscal year ended August 31, 2023. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported represent funds which have been expended by the College for the purposes of the awards. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the Schedules may differ from amounts used in the preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The College has followed all applicable guidelines issued by various funding agencies in the preparation of the Schedules.
De Minimis Rate Used: N
Rate Explanation: None
The accompanying Schedules of Expenditures of Federal and State Awards (“Schedules”) present
the activity of all Federal and State award programs of Dallas College (“College”). The reporting
entity of the College is defined in the notes to the financial statements of the College. All Federal
and State awards received directly from Federal or State agencies or Federal awards passed
through other government agencies are included on the schedules.
Title: BASIS OF ACCOUNTING
Accounting Policies: The expenditures included in the Schedules are reported for the College’s fiscal year ended August 31, 2023. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported represent funds which have been expended by the College for the purposes of the awards. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the Schedules may differ from amounts used in the preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The College has followed all applicable guidelines issued by various funding agencies in the preparation of the Schedules.
De Minimis Rate Used: N
Rate Explanation: None
The expenditures included in the Schedules are reported for the College’s fiscal year ended
August 31, 2023. Expenditure reports to funding agencies are prepared on the award period
basis. The expenditures reported represent funds which have been expended by the College for
the purposes of the awards. The expenditures reported above may not have been reimbursed by
the funding agencies as of the end of the fiscal year. Some amounts reported in the Schedules
may differ from amounts used in the preparation of the basic financial statements. Separate
accounts are maintained for the different awards to aid in the observance of limitations and
restrictions imposed by the funding agencies. The College has followed all applicable guidelines
issued by various funding agencies in the preparation of the Schedules.
Title: RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: The expenditures included in the Schedules are reported for the College’s fiscal year ended August 31, 2023. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported represent funds which have been expended by the College for the purposes of the awards. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the Schedules may differ from amounts used in the preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The College has followed all applicable guidelines issued by various funding agencies in the preparation of the Schedules.
De Minimis Rate Used: N
Rate Explanation: None
Federal and State award revenues are reported in the financial statements of the College for the
fiscal year ended August 31, 2023, as follows:
Federal State
Total revenues per Schedule A $ 54,556,753 $ 7,977,862
Federal revenue, non-operating per Exhibit 2 116,776,935 -
Federal direct student loans 25,275,066 -
Fall tuition-related grants deferred to next year (27,302,182) 22,030
Total expenditures for federal/state awards $ 169,306,572 $ 7,999,892
Title: AMOUNTS PASSED THROUGH TO OTHERS
Accounting Policies: The expenditures included in the Schedules are reported for the College’s fiscal year ended August 31, 2023. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported represent funds which have been expended by the College for the purposes of the awards. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the Schedules may differ from amounts used in the preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The College has followed all applicable guidelines issued by various funding agencies in the preparation of the Schedules.
De Minimis Rate Used: N
Rate Explanation: None
Amounts Passed Through by the College – Federal:
The following amounts were passed through to the listed sub-recipients by the College.
These amounts were funded by the Small Business Administration for the North Texas Small Business
Development Center, ALN 59.037. (Award 2-603001-EZ-01966 and 3-603001-EZ-03834)
Collin College $ 317,370
Grayson College 151,189
McLennan College 292,117
Navarro College 152,281
North Central Texas College 324,989
Northeast Texas Community College 194,238
Paris Junior College 122,922
Tarrant County College 190,349
Trinity Valley Community College 60,731
Tyler Junior College 243,233
University of Texas at Tyler 314,122
$ 2,363,541
These amounts were funded by the Small Business Administration for the North Texas Small Business
Development Center, ALN 59.037. (Award 0-603001-EZ-0119) COVID-19
Paris Junior College $ 8,269
$ 8,269
These amounts were funded by the U.S. Department of Treasury, ALN 21.027. (Award 27272)
Amarillo College $ 186,945
Navarro College 235,061
$ 422,006
These amounts were funded by the U.S. Department of Education for the HSI STEM IPSS, ALN
84.031C. (Award P031C160035)
University of North Texas at Dallas $ 49,785
These amounts were funded by the Department of Labor for the WIOA Dislocated Worker
Program, ALN 17.278. (Award 0622ATP002)
Finishing Trades Institute of District Council 88 $ 3,120
Lubbock Chapter of the Independent
Electrical Contractors, Inc. 9,140
$ 12,260
These amounts were funded by the Department of Commerce for the EDA Grow the Biotech
Workforce ALN 11.307. (Award ED22HDQ3070118)
Collin College $ 120,371
BioNorth Texas Foundation 23,712
Dallas Fort Worth Hospital Council 7,130
University of Texas Arlington 83,152
$ 234,365
These amounts were funded by the Department of Education ALN 84.425. (Award 25705)
Paris Junior College $ 263,131
Tarrant County College 78,318
$ 341,449
Total Amounts Passed Through – Federal $ 3,431,675
Title: STUDENT LOANS PROCESSED AND ADMINISTRATIVE COST RECOVERED
Accounting Policies: The expenditures included in the Schedules are reported for the College’s fiscal year ended August 31, 2023. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported represent funds which have been expended by the College for the purposes of the awards. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the Schedules may differ from amounts used in the preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The College has followed all applicable guidelines issued by various funding agencies in the preparation of the Schedules.
De Minimis Rate Used: N
Rate Explanation: None
Although Direct Loans "are made to students (not the institution of higher education)" as
confirmed in the June 2010 Compliance Supplement, page 5-3-48, they also recommend the
amounts for such loans be included on the face of the Schedule of Expenditures of Federal
Awards (SEFA). Subtracting the effect of including these loans on the SEFA, actual expenditures
of Federal awards for the 2023 fiscal year are $144,031,506.
Federal Grantor
ALN Number/
Program Name
New Loans
Processed
Administrative
Cost
Recovered
Total
Loans Processed
and Administrative
Cost Recovered
Department of Education
84.268 Direct Loans $ 25,275,066 $ - $ 25,275,066
Title: RELATIONSHIP TO FEDERAL AND STATE FINANCIAL REPORTS
Accounting Policies: The expenditures included in the Schedules are reported for the College’s fiscal year ended August 31, 2023. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported represent funds which have been expended by the College for the purposes of the awards. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the Schedules may differ from amounts used in the preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The College has followed all applicable guidelines issued by various funding agencies in the preparation of the Schedules.
De Minimis Rate Used: N
Rate Explanation: None
Amounts reported in the accompanying schedules may not agree with the amounts reported in
the related Federal and State Financial reports filed with grantor agencies because of differences
between the fiscal year of the College and various program years, as well as accruals that would
be reflected in the next report filed with the agencies.
Title: INDIRECT COST
Accounting Policies: The expenditures included in the Schedules are reported for the College’s fiscal year ended August 31, 2023. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported represent funds which have been expended by the College for the purposes of the awards. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the Schedules may differ from amounts used in the preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The College has followed all applicable guidelines issued by various funding agencies in the preparation of the Schedules.
De Minimis Rate Used: N
Rate Explanation: None
As a non-federal entity, the College has a negotiated indirect cost rate approved by a federal
agency, therefore, the College is not eligible to elect the 10% de minimis indirect cost rate.