Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards and state financial assistance (the
Schedule) includes the federal and state grant activity of the Monroe County, Florida (County) under
programs of the federal and state government 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
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards (Uniform Guidance), and Chapter 10.550, Rules of the Florida Auditor General. Because
the Schedule presents only a selected portion of the operations of the County, it is not intended to and
does not present the financial position, and changes in net position or cash flows of the County.
Federal awards are presented for each federal agency by the Assistance Listing Number (ALN) and state
awards are presented for each state agency by the Catalog of State Financial Assistance (CSFA) number
when available in the grant agreements or determinable based on a grant’s source and purpose.
For grants that have not yet been assigned a ALN or CSFA number, the schedule includes the grant with
a ALN or CSFA number of NA for not available and categorizes the funding under the sub-heading of
Other Financial Assistance.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The County did not make sub-awards of federal awards or state financial assistance during the year
ended September 30, 2023.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: Grant Contingencies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The County participates in federal and state grant programs that are governed by various rules and
regulations of the grantor agencies. Amounts received or receivable from grant agencies are subject to
financial and compliance audits by the grantors or their representatives. Any disallowed claims, including
amounts already collected, may constitute a liability of the applicable funds. The amount, if any, which
may be disallowed by the grantor, cannot be determined at this time, although the County expects such
amounts, if any, to be immaterial.
Title: Fiscal Year Obligations from Disaster Grants
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
At September 30, 2023, the Department of Homeland Security’s Federal Emergency Management
Agency (FEMA) had outstanding obligations totaling $3,423,083 for Monroe County under its Disaster
Grants – Public Assistance Grant Program (ASL #97.036) for the County’s recovery from Hurricane Irma.