Notes to SEFA
Title: Loan Outstanding
Accounting Policies: Basis of Presentation
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal awards activity of
Grand Prairie Gardens, Inc. (the Organization), HUD Project No. 082-EE110-NP-L8 and is presented on the
accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of
Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principals, and
Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion
of the operations of the Organization, it is not intended to and does not present the financial position, changes in
net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: Did not use de minimus cost rate.
The Organization had the following loan/grant balances outstanding at December 31, 2023. These loan/grant
balances outstanding are also included in the SEFA. Assistance
Listing Amount
Cluster/Program Title Number Outstanding
Supportive Housing for the Elderly 14.157 $ 1,960,100