Title: NOTE 2: REPORTING ENTITY
Accounting Policies: NOTE 1: BASIS OF ACCOUNTING
The supplementary Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) include the grant activity of Jackson County, Florida (the “County”). Federal and state expenditures are presented on the modified accrual basis of accounting. The information in the Schedule is presented in accordance with the requirement 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 Chapter 10.550, Rules of the Auditor General. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4: INDIRECT COST
The County has not elected to use the 10% de minimis indirect cost rate.
The County for purposes of the Schedule includes all the funds of the primary government as defined by GASB 14, The Financial Reporting Entity.
Title: NOTE 3: PASS-THROUGH AWARDS
Accounting Policies: NOTE 1: BASIS OF ACCOUNTING
The supplementary Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) include the grant activity of Jackson County, Florida (the “County”). Federal and state expenditures are presented on the modified accrual basis of accounting. The information in the Schedule is presented in accordance with the requirement 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 Chapter 10.550, Rules of the Auditor General. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4: INDIRECT COST
The County has not elected to use the 10% de minimis indirect cost rate.
The County receives certain federal awards from pass-through awards of the state. The total amount of such pass-through awards is included on the Schedule.
Title: NOTE 5: OTHER TYPES OF FINANCIAL ASSISTANCE
Accounting Policies: NOTE 1: BASIS OF ACCOUNTING
The supplementary Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) include the grant activity of Jackson County, Florida (the “County”). Federal and state expenditures are presented on the modified accrual basis of accounting. The information in the Schedule is presented in accordance with the requirement 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 Chapter 10.550, Rules of the Auditor General. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4: INDIRECT COST
The County has not elected to use the 10% de minimis indirect cost rate.
There were no other types of financial assistance to include endowments, insurance in effect, noncash assistance, donated property, or free rent received or included in the Schedule.
Title: NOTE 6: LOAN PROGRAMS
Accounting Policies: NOTE 1: BASIS OF ACCOUNTING
The supplementary Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) include the grant activity of Jackson County, Florida (the “County”). Federal and state expenditures are presented on the modified accrual basis of accounting. The information in the Schedule is presented in accordance with the requirement 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 Chapter 10.550, Rules of the Auditor General. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4: INDIRECT COST
The County has not elected to use the 10% de minimis indirect cost rate.
There were no expenditures under loan programs made during the year ended September 30, 2024 to be reported in the Schedule in accordance with the Uniform Guidance. The County has loans outstanding under loan programs where expenditures were reported in prior years, and certain information related to these programs is disclosed here for transparency purposes. Additional information related to this debt is reported in the Notes to the Financial Statements.
Jackson County was awarded a loan of $1,473,764 as amended in August 2020, by the Florida Department of Environmental Protection using funds from the Environmental Protection Agency. This award is identified under Assistance Listing Number 66.468, Capitalization Grants for Drinking Water State Revolving Fund, which includes Principal forgiveness of $849,400 with the County obligated to repay $699,004 in principal and $13,767 in capitalized interest. Principal and capitalized interest payable by the County at September 30, 2024 were $619,872 and $1,596, respectively.
Jackson County was awarded a loan of $265,742 by the Florida Department of Environmental Protection using funds from the Environmental Protection Agency. This award is identified under Assistance Listing Number 66.468, Capitalization Grants for Drinking Water State Revolving Fund, which includes Principal forgiveness of $132,871 with the County obligated to repay $132,871 in principal and $2,657 in capitalized interest. Principal and capitalized interest payable by the County at September 30, 2024 were $87,847 and $41, respectively.
Title: NOTE 7: NONCASH ASSISTANCE
Accounting Policies: NOTE 1: BASIS OF ACCOUNTING
The supplementary Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) include the grant activity of Jackson County, Florida (the “County”). Federal and state expenditures are presented on the modified accrual basis of accounting. The information in the Schedule is presented in accordance with the requirement 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 Chapter 10.550, Rules of the Auditor General. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4: INDIRECT COST
The County has not elected to use the 10% de minimis indirect cost rate.
The County did not receive any noncash assistance of federally funded insurance during the fiscal year ended September 30, 2024.