Title: GENERAL
Accounting Policies: The expenditures included in the Schedules are reported for the College’s fiscal year ended August 31, 2024. 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: N/A
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: B ASIS OF ACCOUNTING
Accounting Policies: The expenditures included in the Schedules are reported for the College’s fiscal year ended August 31, 2024. 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: N/A
The expenditures included in the Schedules are reported for the College’s fiscal year ended
August 31, 2024. 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, 2024. 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: N/A
Federal and State award revenues are reported in the financial statements of the College for the
fiscal year ended August 31, 2024, as follows:
Federal State
Total revenues per Schedule A $ 27,550,480 $ 10,702,115
Federal revenue, non-operating per Exhibit 2 117,073,183 -
Fall tuition-related grants deferred to next year (337,097) (158,942)
Total expenditures for federal/state awards $ 144,286,566 $ 10,543,173
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, 2024. 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: N/A
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 SBAOEDSB230018 and SBAOEDSB240124)
Collin College $ 264,737
Grayson County Junior College District 74,278
McLennan Community College 255,280
Navarro College 210,205
North Central Texas College 305,969
Northeast Texas Community College 257,994
Paris Junior College 67,280
Tarrant County College District 243,395
Trinity Valley Community College 170,174
Tyler Junior College 285,409
University of Texas at Tyler 290,816
$ 2,425,537
These amounts were funded by the National Science Foundation for the Texas Oklahoma
Regional Undergraduate Symposium, ALN 47.049. (Award 2223745)
Southern Nazarene University $ 3,307
$ 3,307
These amounts were funded by the U.S. Department of Treasury for Texas Reskilling and Upskilling
through Education (TRUE) Grant Program, ALN 21.027. (Award 27272)
Amarillo College $ 48,096
Navarro College 1,886
$ 49,982
These amounts were funded by the Department of Commerce for the EDA Grow the Biotech
Workforce ALN 11.307. (Award ED22HDQ3070118)
Collin College $ 96,795
BioNorth Texas Foundation 199,694
Dallas Fort Worth Hospital Council 9,354
University of Texas Arlington 130,102
$ 435,945
These amounts were funded by the Department of Education for Texas Reskilling and Upskilling
for Education (TRUE) Institutional Capacity Grants ALN 84.425. (Award 25705)
Paris Junior College $ (79,500)
$ (79,500)
Total Amounts Passed Through – Federal $ 2,835,271
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, 2024. 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: N/A
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 2024 fiscal year are $119,706,795.
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 $ 24,579,771 $ - $ 24,579,771
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, 2024. 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: N/A
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, 2024. 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: N/A
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.