Title: General
Accounting Policies: The accounting policies and presentations of the accompanying schedule of expenditures of federal
awards of Apalachee Regional Planning Council (the “Council”) have been designed to conform with
generally accepted accounting principles applicable to governmental units. 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 of Federal
Awards (Uniform Guidance). The accompanying schedule of federal awards includes the federal award activity of the Council and is
presented using the same basis of accounting as the fund in which the grant is recorded, generally the
accrual or modified accrual basis of accounting, as described in Note 1 to the Council’s financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Council elected not to use the 10% de minimis indirect cost rate.
The accounting policies and presentations of the accompanying schedule of expenditures of federal
awards of Apalachee Regional Planning Council (the “Council”) have been designed to conform with
generally accepted accounting principles applicable to governmental units. 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 of Federal
Awards (Uniform Guidance).
Title: Basis of Presentation
Accounting Policies: The accounting policies and presentations of the accompanying schedule of expenditures of federal
awards of Apalachee Regional Planning Council (the “Council”) have been designed to conform with
generally accepted accounting principles applicable to governmental units. 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 of Federal
Awards (Uniform Guidance). The accompanying schedule of federal awards includes the federal award activity of the Council and is
presented using the same basis of accounting as the fund in which the grant is recorded, generally the
accrual or modified accrual basis of accounting, as described in Note 1 to the Council’s financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Council elected not to use the 10% de minimis indirect cost rate.
The accompanying schedule of federal awards includes the federal award activity of the Council and is
presented using the same basis of accounting as the fund in which the grant is recorded, generally the
accrual or modified accrual basis of accounting, as described in Note 1 to the Council’s financial
statements.
Title: Indirect Cost Rate
Accounting Policies: The accounting policies and presentations of the accompanying schedule of expenditures of federal
awards of Apalachee Regional Planning Council (the “Council”) have been designed to conform with
generally accepted accounting principles applicable to governmental units. 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 of Federal
Awards (Uniform Guidance). The accompanying schedule of federal awards includes the federal award activity of the Council and is
presented using the same basis of accounting as the fund in which the grant is recorded, generally the
accrual or modified accrual basis of accounting, as described in Note 1 to the Council’s financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Council elected not to use the 10% de minimis indirect cost rate.
The Council elected not to use the 10% de minimis indirect cost rate.
Title: Contingencies
Accounting Policies: The accounting policies and presentations of the accompanying schedule of expenditures of federal
awards of Apalachee Regional Planning Council (the “Council”) have been designed to conform with
generally accepted accounting principles applicable to governmental units. 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 of Federal
Awards (Uniform Guidance). The accompanying schedule of federal awards includes the federal award activity of the Council and is
presented using the same basis of accounting as the fund in which the grant is recorded, generally the
accrual or modified accrual basis of accounting, as described in Note 1 to the Council’s financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Council elected not to use the 10% de minimis indirect cost rate.
Grant monies received and disbursed by the Council are for specific purposes and are subject to review by
grantor agencies. Such audits may result in requests for reimbursements due to disallowance of
expenditures. Based upon prior experience, the Council does not believe that such disallowances, if any,
would have a material effect on the financial position of the Council.
Title: Subrecipients
Accounting Policies: The accounting policies and presentations of the accompanying schedule of expenditures of federal
awards of Apalachee Regional Planning Council (the “Council”) have been designed to conform with
generally accepted accounting principles applicable to governmental units. 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 of Federal
Awards (Uniform Guidance). The accompanying schedule of federal awards includes the federal award activity of the Council and is
presented using the same basis of accounting as the fund in which the grant is recorded, generally the
accrual or modified accrual basis of accounting, as described in Note 1 to the Council’s financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Council elected not to use the 10% de minimis indirect cost rate.
For the year ended September 30, 2024, the Council passed $241,997 through to subrecipients.
Title: Computation of Federal Expenditures - Revolving Loan Fund
Accounting Policies: The accounting policies and presentations of the accompanying schedule of expenditures of federal
awards of Apalachee Regional Planning Council (the “Council”) have been designed to conform with
generally accepted accounting principles applicable to governmental units. 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 of Federal
Awards (Uniform Guidance). The accompanying schedule of federal awards includes the federal award activity of the Council and is
presented using the same basis of accounting as the fund in which the grant is recorded, generally the
accrual or modified accrual basis of accounting, as described in Note 1 to the Council’s financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Council elected not to use the 10% de minimis indirect cost rate.
Loans receivable reported for federal awards were expended in prior years. Therefore, amounts reported
in the statement of activities were not taken into consideration as expenditures for the current year, as they
were considered in the year the actual expenditures occurred. For SEFA reporting purposes, expenditures
related to federally funded revolving loans are calculated as follows: