Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) includes the federal and state grant activity of SJRC Texas, Inc. (SJRC Texas) under programs of the federal government and State of Texas for the year ended December 31, 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) and the State of Texas Grant Management Standards. Because the Schedule presents only a selected portion of the operations of SJRC Texas, it is not intended, and does not, present the financial position, changes in net assets or cash flows of SJRC Texas. Therefore, some amounts presented in the Schedule may differ from amounts presented in the financial statements. All of SJRC Texas’ federal and state awards were in the form of cash assistance for the year ended December 31, 2025.
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR Part 200 Subpart E, Costs Principles, wherein certain types of expenditures are not allowable or are limited as to reimbursement. (2) SJRC Texas has elected to use the 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Total Expenditures of Federal Awards $ 19,449,742 Total Expenditures of State Awards 51,504,110 Other Contracts 3,377,668 Total Government Contracts and Grants $ 74,331,520