Notes to SEFA
Title: Note 1. Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) is prepared on the
modified accrual basis of accounting. Expenditures are recognized when incurred.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) is prepared on the
modified accrual basis of accounting. Expenditures are recognized when incurred.
Title: Note 2. Reporting Entity
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) is prepared on the
modified accrual basis of accounting. Expenditures are recognized when incurred.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate.
The City of Grand Prairie, Texas (the City), for purposes of the Schedule, includes all funds of the primary
government, but excludes component units as defined by the Government Accounting Standards
Board.
Title: Note 3. Relationship to Federal Financial Reports
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) is prepared on the
modified accrual basis of accounting. Expenditures are recognized when incurred.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate.
Grant expenditure reports, as of September 30, 2023, already submitted to grantor agencies will, in
some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are
typically prepared at a later date and often reflect refined estimates of the year-end accruals. The
reports will agree at termination of the grant as the discrepancies noted are timing differences.
Title: Note 4. Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) is prepared on the
modified accrual basis of accounting. Expenditures are recognized when incurred.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate.
The City has elected not to use the 10% de minimis indirect cost rate.