Notes to SEFA
The accompanying schedule of expenditures of federal awards presents the activity of all applicable federal awards of the City of Corsicana, Texas. The City’s reporting entity is defined in Note I to the City’s basic financial statements. Federal awards received directly from federal and state agencies as well as federal awards passed through other government agencies are included in the respective schedule.
The accompanying schedule of expenditures of federal awards is presented using modified accrual basis of accounting, which is described in Note I to the City’s basic financial statements.
Grant expenditure reports as of September 30, 2025, which have been submitted to grantor agencies will, in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are typically prepared at a later date and often reflect refined estimates of year-end accruals. The reports will agree at termination of the grant as the discrepancies noted are timing differences.
The City has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.
None of the federal programs expended by the City were passed through to subrecipients.