Audit 343986

Title: Contingencies Accounting Policies: he accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of the Tampa Bay Estuary Program (the “Estuary Program”) under programs of the federal government for the year ended September 30, 2024. 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”). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements. Federal expenditures reported on the accompanying Schedule are reported on the modified accrual basis of accounting as defined in Note A of the Estuary Programs basic financial statements. Federal expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited for reimbursement. De Minimis Rate Used: N Rate Explanation: The Estuary Program did not utilize indirect cost rates for reimbursement of grant expenditures for the fiscal year ended September 30, 2024. These federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures and affect the Estuary Program’s continued participation in specific programs. The amounts, if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the Estuary Program expects such amounts, if any, to be immaterial.