Notes to SEFA
Title: OUNCE OF PREVENTION MATCH
Accounting Policies: BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the federal awards and state financial assistance activity of Highlands County, Florida (County) under programs of the federal government and state of Florida for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and Chapter 69I-5, Rules of the Florida Department of Financial Services. 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, changes in net position, or cash flows of the County.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting for awards and financial assistance recorded in governmental funds and the accrual basis of accounting for awards and financial assistance recorded in the proprietary funds, which are described in Note 1 to the County’s basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance
for all awards. Under these principles, certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
In addition to the amounts listed on the Schedule, the County received additional funding from the state of Florida as a match for certain federal programs. The amounts listed below represent the funding provided by the state of Florida as a match to the specified federal programs.
Assistance
Federal Grantor / Pass-Through Grantor / Listing Pass-Through Entity
Program or Cluster Title Number Identifying Number Expenditures
State Matching Monies
Pass-Through from Ounce of Prevention Fund of Florida, Inc.:
Promoting Safe and Stable Families 93.556 20-25-42 $ 4 ,349
Promoting Safe and Stable Families 93.556 20-25-42 129,984
Total Promoting Safe and Stable Families 134,333
Temporary Assistance for Needy Families 93.558 20-25-42 $44,059
Total State Matching Monies $ 178,392