Notes to SEFA
Basis of Presentation. The accompanying schedule of expenditures of federal awards includes the federal spending of City of Roma, Texas (the “City”) and is presented on the 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 this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of the City.
During the year ended September 30, 2025, the City had no sub-recipients.
During the year ended September 30, 2025, the City had no outstanding federal loans or loan guarantees.
During the year ended September 30, 2025, the City did not receive any noncash assistance or federally funded insurance.
The City did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Grant monies received and disbursed by the City are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the City does not believe that such disallowance, if any, would have a material effect on the financial position of the City.