Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Basis of Presentation, Indirect Costs
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Board of County Commissioners (the Board) is the legislative body for Lee County, Florida
having the responsibility of budgeting and providing all the funding used by the various County
departments and the separate Constitutional Officers, with the exception of fees collected by the
Clerk of Circuit Court, Property Appraiser, and Tax Collector. Under the direction of the Clerk of
Circuit Court, the Finance & Records Department maintains the accounting system for the Board’s
operations. The other Constitutional Officers maintain their own accounting systems. For purposes
of this report the operations of the County as a whole, including all Constitutional Officers, have
been presented. In addition to the divisions of the Board and the Constitutional Officers, the Lee
County Port Authority, a blended component unit, is included.
The accompanying schedule of expenditures of federal awards and state financial assistance
(Schedule) summarizes the expenditures incurred under all federal programs and state projects by
Lee County, Florida for the fiscal year ended September 30, 2023, which are recognized on the
accrual basis of accounting. The information in this schedule is presented in accordance with the
requirements of the 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance), Section 215.97, Florida Statutes, and
Rules of the Auditor General, Chapter 10.550. For purposes of this Schedule, federal programs and
state projects include all grants and contracts entered into directly between the County and agencies
and departments of the federal or state government. Federal programs or state projects passed
through other government agencies, if any, are also included in the Schedule. 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, change in net position, or cash flows of the County.
Title: Indirect Costs
Accounting Policies: Basis of Presentation, Indirect Costs
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The County has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance. The County provides certain services and facilities to federal and state programs
such as disbursing, banking, general data processing, office space, and furnishings. Costs for these
services are allocated based on certain pre-approved allocation criteria. The County allocated costs
for these indirect services to the Department of Housing and Urban Development’s CDBG Grant
(Assistance Listing #14.218) in the amount of $28,371.