Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Town of Anthony, Texas 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 (CFR) 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.
The Town has not elected to use the 10 percent minimum indirect cost reate allowed under the Uniform Guidance.
The entity had in effect for the fiscal year ended September 30, 2025, the following insurance coverage: Automobile $1,000,000; Employment Practices $1,000,000; Errors and Omissions $5,000,000; General Liability $2,000,000.