Title: Relationship to Federal Financial Reports
Accounting Policies: General
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of the City of Dallas, Texas (the City). The City’s reporting entity is defined in Note 1 to the City’s basic financial statements. All federal awards received directly by the primary government from federal agencies, as well as federal awards passed through other government agencies, are included in the scope of the Federal Single Audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and are included on the Schedule of Expenditures of Federal Awards.
Basis of Accounting
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note 1 to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate.
Grant expenditures reports as of September 30, 2023, which have been 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 year-end accruals. The reports will agree at termination of the grant as the discrepancies noted are timing differences.
Title: Commitments and Contingencies
Accounting Policies: General
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of the City of Dallas, Texas (the City). The City’s reporting entity is defined in Note 1 to the City’s basic financial statements. All federal awards received directly by the primary government from federal agencies, as well as federal awards passed through other government agencies, are included in the scope of the Federal Single Audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and are included on the Schedule of Expenditures of Federal Awards.
Basis of Accounting
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note 1 to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate.
The City participates in several federal grant programs which are governed by various rules and regulations of the grantor agencies. Costs charged to the respective grant programs are subject to audit and adjustment by the grantor agencies; therefore, to the extent that the City has not complied with the rules and regulations governing the grants, refunds of any money received may be required and the collectability of any related receivable at September 30, 2023 may be impaired. Additionally, the City has received notification of potential non-compliance with certain federal programs and is responding to those letters. In the opinion of management, there are no significant contingent liabilities relating to compliance with the rules and regulations governing the respective grants.
Title: Loans
Accounting Policies: General
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of the City of Dallas, Texas (the City). The City’s reporting entity is defined in Note 1 to the City’s basic financial statements. All federal awards received directly by the primary government from federal agencies, as well as federal awards passed through other government agencies, are included in the scope of the Federal Single Audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and are included on the Schedule of Expenditures of Federal Awards.
Basis of Accounting
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note 1 to the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10% de minimis indirect cost rate.
Community Development Block Grants
The City has outstanding loan balances for the Community Development Block Grant - Section 108 loans as of September 30, 2023 as follows (in thousands): See the Notes to the SEFA for Table.
Clean Water State Revolving Loan Fund
The City has outstanding loans payable under the Clean Water State Revolving Loan Fund from the Texas Water Development Board (TWDB), as a pass-through agency for the Environmental Protection Agency (Assistance Listing Number 66.458) as of September 30, 2023 as follows (in thousands): See the Notes to the SEFA for Table.
Drinking Water State Revolving Loan Fund
The City has outstanding loans payable under the Drinking Water State Revolving Loan Fund from the Texas Water Development Board (TWDB), as a pass-through agency for the Environmental Protection Agency (Assistance Listing Number 66.468) as of September 30, 2023 as follows (in thousands): See the Notes to the SEFA for Table.