Title: Note 3: LOAN / LOAN GUARANTEE OUTSTANDING BALANCES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the City of Mission, Texas
(the “City”) and is presented on the modified 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 (CFR) Part 200 Uniform Administration
Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in preparation of, the basic financial statements. Because the schedule presents
only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of
the City.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended
September 30, 2023, the City of Mission, Texas did not elect to use this rate.
The City of Mission, Texas did not have any federal loans or loan guarantees outstanding during the year ended
September 30, 2023.
Title: Note 4: NONCASH ASSISTANCE AND OTHER
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the City of Mission, Texas
(the “City”) and is presented on the modified 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 (CFR) Part 200 Uniform Administration
Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in preparation of, the basic financial statements. Because the schedule presents
only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of
the City.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended
September 30, 2023, the City of Mission, Texas did not elect to use this rate.
The City of Mission, Texas did not receive any noncash assistance or federally funded insurance during the year ended
September 30, 2023.
Title: Note 5: CONTINGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the City of Mission, Texas
(the “City”) and is presented on the modified 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 (CFR) Part 200 Uniform Administration
Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in preparation of, the basic financial statements. Because the schedule presents
only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of
the City.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended
September 30, 2023, the City of Mission, Texas did not elect to use this rate.
Grant monies received and disbursed by the City of Mission, Texas are for specific purposes and are subject to review by
the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon
experience, the City of Mission, Texas does not believe that such disallowance, if any, would have a material effect on
the financial position of the City of Mission, Texas.
Title: Note 6: FEDERAL PASS‐THROUGH FUNDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the City of Mission, Texas
(the “City”) and is presented on the modified 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 (CFR) Part 200 Uniform Administration
Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in preparation of, the basic financial statements. Because the schedule presents
only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of
the City.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended
September 30, 2023, the City of Mission, Texas did not elect to use this rate.
The City of Mission, Texas is also the sub‐recipient of federal funds that have been subjected to testing and are reported
as expenditures and listed as federal pass‐through funds. Federal awards other than those indicated as pass‐through are
considered to be direct.