Title: Note 1
Accounting Policies: This Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of the Leon County Research and Development Authority (the Authority) for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S Code of Federal Regultions (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the presentation of, the basic financial statements. Because this schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the net position, changes in net position, or cash flows of the Authority.
Amounts included on this Schedule include only the expenditures of Federal Awards received directly from an awarding agency. The amounts on the accompanying statement of revenues, expenses, and changes in net position include additional expenditures associated with other resources committed by the Authority for the purpose of fulfilling the grant programs.
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10% indirect cost rate
This Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of the Leon County Research and Development Authority (the Authority) for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S Code of Federal Regultions (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the presentation of, the basic financial statements. Because this schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the net position, changes in net position, or cash flows of the Authority.
Title: Note 2
Accounting Policies: This Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of the Leon County Research and Development Authority (the Authority) for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S Code of Federal Regultions (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the presentation of, the basic financial statements. Because this schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the net position, changes in net position, or cash flows of the Authority.
Amounts included on this Schedule include only the expenditures of Federal Awards received directly from an awarding agency. The amounts on the accompanying statement of revenues, expenses, and changes in net position include additional expenditures associated with other resources committed by the Authority for the purpose of fulfilling the grant programs.
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10% indirect cost rate
Amounts included on this Schedule include only the expenditures of Federal Awards received directly from an awarding agency. The amounts on the accompanying statement of revenues, expenses, and changes in net position include additional expenditures associated with other resources committed by the Authority for the purpose of fulfilling the grant programs.
Title: Note 3
Accounting Policies: This Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of the Leon County Research and Development Authority (the Authority) for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S Code of Federal Regultions (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the presentation of, the basic financial statements. Because this schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the net position, changes in net position, or cash flows of the Authority.
Amounts included on this Schedule include only the expenditures of Federal Awards received directly from an awarding agency. The amounts on the accompanying statement of revenues, expenses, and changes in net position include additional expenditures associated with other resources committed by the Authority for the purpose of fulfilling the grant programs.
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10% indirect cost rate
Grant monies received and disbursed by the Authority are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the Authority does not believe that such disallowance, if any, would have a material effect on the financial position of the Authority. As of September 30, 2023, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
Title: Note 4
Accounting Policies: This Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of the Leon County Research and Development Authority (the Authority) for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S Code of Federal Regultions (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the presentation of, the basic financial statements. Because this schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the net position, changes in net position, or cash flows of the Authority.
Amounts included on this Schedule include only the expenditures of Federal Awards received directly from an awarding agency. The amounts on the accompanying statement of revenues, expenses, and changes in net position include additional expenditures associated with other resources committed by the Authority for the purpose of fulfilling the grant programs.
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10% indirect cost rate
The Authority has elected to use the 10 percent de minimus indirect cost rate allowed under Uniform Guidance for the Build-toScale Program.