Audit 358061

Title: Note 1 - General Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance projects presents the activity of all federal award programs and state financial assistance projects of the City of St. Augustine, Florida (the "City"). The City reporting entity is defined in Note 1 to the City's basic financial statements for the year ended September 30, 2024. All federal awards and state financial assistance received directly from federal agencies or state agencies, as well as federal awards and state financial assistance passed through other governmental agencies, are included in the schedule. De Minimis Rate Used: N Rate Explanation: The City did not elect to use the 10% de minimis cost rate as covered in Section 200.414, Indirect (F&A) costs , of the Uniform Guidance. The accompanying schedule of expenditures of federal awards and state financial assistance projects presents the activity of all federal award programs and state financial assistance projects of the City of St. Augustine, Florida (the "City"). The City reporting entity is defined in Note 1 to the City's basic financial statements for the year ended September 30, 2024. All federal awards and state financial assistance received directly from federal agencies or state agencies, as well as federal awards and state financial assistance passed through other governmental agencies, are included in the schedule.

Title: Note 2 - Basis of Accounting Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance projects presents the activity of all federal award programs and state financial assistance projects of the City of St. Augustine, Florida (the "City"). The City reporting entity is defined in Note 1 to the City's basic financial statements for the year ended September 30, 2024. All federal awards and state financial assistance received directly from federal agencies or state agencies, as well as federal awards and state financial assistance passed through other governmental agencies, are included in the schedule. De Minimis Rate Used: N Rate Explanation: The City did not elect to use the 10% de minimis cost rate as covered in Section 200.414, Indirect (F&A) costs , of the Uniform Guidance. The accompanying schedule of expenditures of federal awards and state financial assistance projects is presented using the same basis of accounting as the fund in which the grant is recorded, generally the accrual or modified accrual basis, as described in Note 1 to the City's financial statements.

Title: Note 3 - De Minimis Indirect Cost Rate Election Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance projects presents the activity of all federal award programs and state financial assistance projects of the City of St. Augustine, Florida (the "City"). The City reporting entity is defined in Note 1 to the City's basic financial statements for the year ended September 30, 2024. All federal awards and state financial assistance received directly from federal agencies or state agencies, as well as federal awards and state financial assistance passed through other governmental agencies, are included in the schedule. De Minimis Rate Used: N Rate Explanation: The City did not elect to use the 10% de minimis cost rate as covered in Section 200.414, Indirect (F&A) costs , of the Uniform Guidance. The City did not elect to use the 10% de minimis cost rate as covered in Section 200.414, Indirect (F&A) costs , of the Uniform Guidance.