Title: Contingency
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the Federal and State grant activity for Collier County, Florida (the County) and is presented on the modified accrual basis of accounting for expenditures accounted for in the governmental funds and the accrual basis of accounting for expenditures in proprietary funds. Under the modified accrual basis, revenue is recognized if it is both measurable and available for use during the fiscal year and expenditures are recognized in the period liabilities are incurred, if measurable. Under the accrual basis, expenditures are recognized in the period liabilities are incurred.
The information in the 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 Section 215.97, Florida Statutes. Therefore, some amounts presented in the Schedule may differ from amounts presented, or used in the preparation of, the basic financial statements for the fiscal year ended September 30, 2024.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10 percent de minimus cost rate allowed under the Uniform Guidance.
The grant revenue amounts received are subject to audit and adjustment. If any expenditures or expenses are disallowed by the grantor agencies as a result of such an audit, any claim for reimbursement to the grantor agencies would become a liability of the County.
Title: Disaster Grants - Public Assistance (Presidentially Declared Disasters) (97.036)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the Federal and State grant activity for Collier County, Florida (the County) and is presented on the modified accrual basis of accounting for expenditures accounted for in the governmental funds and the accrual basis of accounting for expenditures in proprietary funds. Under the modified accrual basis, revenue is recognized if it is both measurable and available for use during the fiscal year and expenditures are recognized in the period liabilities are incurred, if measurable. Under the accrual basis, expenditures are recognized in the period liabilities are incurred.
The information in the 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 Section 215.97, Florida Statutes. Therefore, some amounts presented in the Schedule may differ from amounts presented, or used in the preparation of, the basic financial statements for the fiscal year ended September 30, 2024.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10 percent de minimus cost rate allowed under the Uniform Guidance.
After a presidentially declared disaster, FEMA provides Disaster Grants – Public Assistance (Presidentially Declared Disasters) (Assistance Listing 97.036) to reimburse eligible costs associated with debris removal, emergency protective measures and the repair, restoration, reconstruction or replacement of public facilities or infrastructure damaged or destroyed. Reimbursements are provided in the form of cost-shared grants. Hurricane Irma (FEMA-4337-DR) made landfall in Collier County on September 10, 2017. All the $57,144 reported on the Schedule for grant Z0001 was incurred in fiscal year 2019. Hurricane Ian (FEMA-4673-DR) made landfall in Collier County on September 28, 2022. Of the $10,787,062 reported on the Schedule for grant Z2967, $10,058,601 was incurred in fiscal year 2023 and for grant Z3092 all of the $91,290 reported on the Schedule was incurred in fiscal years 2022 and 2023.
Title: Local Assistance and Tribal Consistency Fund (21.032)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the Federal and State grant activity for Collier County, Florida (the County) and is presented on the modified accrual basis of accounting for expenditures accounted for in the governmental funds and the accrual basis of accounting for expenditures in proprietary funds. Under the modified accrual basis, revenue is recognized if it is both measurable and available for use during the fiscal year and expenditures are recognized in the period liabilities are incurred, if measurable. Under the accrual basis, expenditures are recognized in the period liabilities are incurred.
The information in the 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 Section 215.97, Florida Statutes. Therefore, some amounts presented in the Schedule may differ from amounts presented, or used in the preparation of, the basic financial statements for the fiscal year ended September 30, 2024.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10 percent de minimus cost rate allowed under the Uniform Guidance.
The Department of Treasury awarded the County $1,790,192 from the Local Assistance and Tribal Consistency Fund (LATCF). The two tranches were received in 2023 and of that amount, $198,432 has been expended as of fiscal year 2024. The balance of the revenue is restricted in the fund until the County incurs additional expenditures.
Year Ending September 30 Amount
2023 LATCF Revenue $ 1,790,192
2023 LATCF Expenditures ¬¬ ¬¬¬ (21,934)
2024 LATCF Expenditures ¬¬ ¬¬¬ (176,498)
Total $ 1,591,760
Title: State Opioid Settlement Trust Fund Services (60.355) – Qualified-Regional/Abatement Fund
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the Federal and State grant activity for Collier County, Florida (the County) and is presented on the modified accrual basis of accounting for expenditures accounted for in the governmental funds and the accrual basis of accounting for expenditures in proprietary funds. Under the modified accrual basis, revenue is recognized if it is both measurable and available for use during the fiscal year and expenditures are recognized in the period liabilities are incurred, if measurable. Under the accrual basis, expenditures are recognized in the period liabilities are incurred.
The information in the 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 Section 215.97, Florida Statutes. Therefore, some amounts presented in the Schedule may differ from amounts presented, or used in the preparation of, the basic financial statements for the fiscal year ended September 30, 2024.
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10 percent de minimus cost rate allowed under the Uniform Guidance.
As part of the National Opioid Settlement and the Florida Opioid Allocation and Statewide Response Agreement, the County is set to receive yearly distributions over an 18-year period from various pharmaceutical companies passed through the State. The County received the first distribution in April 2023 from the Abatement (Regional) Fund. Of the amounts received from 2023 through 2024, $12,760 has been expended. The balance of the revenue is restricted in the fund until the County incurs additional expenditures.
Year Ending September 30 Revenues Expenditures Total
2023 (Year 1) $2,628,842 ($2,952) $2,625,890
2024 (Year 2) $1,241,219 ($9,808) $1,231,411
Grand Total $3,870,061 ($12,760) $3,857,301