The catastrophic Central Texas floods have claimed at least 121 lives and left 173 missing, as a report reveals that Kerr County officials were repeatedly denied state funding for an emergency flood warning system.

In the last nine years, federal funding for a system has been denied to the county as it contends with a tax base hostile to government overspending.

Kerr County repeatedly failed to secure a warning system, even as local officials remained aware of the risks and as billions of dollars were available for similar projects.

At a Wednesday morning press conference, Kerr County Sheriff Larry Leitha declined to answer a question about delayed emergency alerts, saying that an "after-action" would follow the search and rescue efforts. "Those questions are gonna be answered," he added.

The Community Foundation says it will announce a major milestone in the response to its Kerr County Flood Relief Fund and the first round of grant recipients.

Follow for live updates in the Texas flooding as the death toll rises to 120, as rescue operations start to shift to recovery phase

Historic Texas flood leaves 161 missing and 96 dead. Rescuers battle harsh conditions, as communities grapple with heartache and aid reaches survivors.