Audit 296669

Title: Notes: Accounting Policies: This schedule includes the Federal grant activity of the Town of Longboat Key, Florida, for the fiscal year ended September 30, 2023, and is presented using the modified 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 in, or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: The Town chose not to use the 10% de minimis indirect cost rate for the year ended September 30, 2023. The Town did not receive noncash federal awards during the year ended September 30, 2023.