Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the City of Midland (the City) under programs of the federal government for the year ended June 30, 2025. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in financial position, or cash flows of the City.
Federal revenue per the financial statements $ 5,205,240 Prior year deferred inflows of resources - unavailable revenue (922,255) Current year deferred inflows of resources - unavailable revenue 89,039 SRF loan proceeds recognzed as debt in proprietary funds (AL 66.458) 540,042 SRF loan proceeds in storm water management fund (AL 66.458) 185,277 City-wide revenue for projects 544,402 Prior year adjustment to federal grants * (83,692) Total expenditures of federal awards $ 5,558,053 Adjustments were made to the following grants for amounts incurred during the prior fiscal year that were not properly reported on the schedule of expenditures of federal awards in the prior year. These adjustments were included in the current year since they were not considered material and would not have affected major programs tested in the prior fiscal year. Assistance Listing Number Grant Name Amount 14.218 Community Development Block Grants/Entitlement Grants Cluster $ 1,906 16.607 Bulletproof Vest Partnership Program 1,140 20.505 Metropolitan Transportation Planning and State and Non-Metropolitan Planning and Research - Transit Study 10,400 20.526 Federal Transit Cluster - Formula Grants 5,298 21.027 Coronavirus State and Local Fiscal Recovery Funds - COVID 32,000 97.039 Hazard Mitigation Grant 22,630 97.067 Homeland Security Grant Program 10,318 $ 83,692
Of the federal expenditures presented in the Schedule, the City provided federal awards to subrecipients as follows: Assistance Listing Number Amount 14.218 $ 170,259