Notes to SEFA
Title: Loan Balances
Accounting Policies: The schedule of expenditures of federal awards includes the grant activity of the City of Grambling 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 Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: City of Grambling elected to not use the de minimis rate
At December 31, 2024, the City had outstanding loan balances with the Louisiana Department of Environmental Quality funded by the Capitalization Grants for Clean Water State Revolving Funds (Assistance Listing #66.458) totaling $1,432,924.