Audit 36066

Title: Contingencies Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal award activity of the Tampa Bay Estuary Program (the Estuary Program) underprograms of the federal government for the year ended September 30, 2022.The information in this Schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, someamounts presented in this Schedule may differ from amounts presented in, or used in, thepreparation of the basic financial statements.Federal expenditures reported on the accompanying Schedule are reported on the modifiedaccrual basis of accounting as defined in Note A of the Estuary Programs basic financialstatements. Federal expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited forreimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. These federal programs are subject to financial and compliance audits by grantor agencieswhich, if instances of material noncompliance are found, may result in disallowed expendituresand affect the Estuary Programs continued participation in specific programs. The amounts,if any, of expenditures which may be disallowed by the grantor agencies cannot be determinedat this time, although the Estuary Program expects such amounts, if any, to be immaterial.