Notes to SEFA
Title: Loan Outstanding
Accounting Policies: 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
De Minimis Rate Used: N
Rate Explanation: The entity did not use the de minimis cost rate.
The Organization had the following loan/grant balances outstanding at December 31, 2024. These loan/grant
balances outstanding are also included in the SEFA. The balance at year end was 1,960,100. CFDA 14.157