Audit 309597

Title: Note 2 – Subrecipients Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Sherman, Texas and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The City of Sherman, Texas' reporting entity is defined in Note I to the City of Sherman, Texas’ basic financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule. De Minimis Rate Used: Y Rate Explanation: The City of Sherman, Texas has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Subrecipients Assistance Listing Program Title/ Subrecipient Number Amount Child and Family Guidance Center of Texoma 14.218 $ 8,333 Housing Authority of the City of Sherman, Texas 14.218 4,000 Grayson County Crisis Center 14.218 4,000 Boys & Girls Club of Sherman 14.218 4,000 CASA of Grayson County 14.218 3,500 Sherman Youth Sports Association 14.218 3,000 Grand Central Station 14.218 10,359 Texoma Family Shelter 14.218 4,300 Grayson County Children's Advocacy Center 14.218 4,000 House of Eli 14.218 6,000 Multicultural Family Center 14.218 6,000 TAPS 14.218 3,500 Texoma Community Center 14.218 3,500 The Camp Sports 14.218 3,500 United Way of Grayson County 14.218 3,500 Four Rivers Outreach 14.218 3,500 Total for 14.218 $ 74,992 Program Title/ Subrecipient Number Amount Grayson County Sheriff's Office 16.738 $ 2,630 Total for 16.738 $ 2,630