Title: 1) General
Accounting Policies: The Schedule of Expenditures of Federal Awards and State Financial Assistance is maintained on a modified accrual basis of accounting for Governmental Fund types, and the full accrual basis of accounting for the Proprietary Fund types, as described in the notes to the financial statements; however, subrecipient expenditures are included when paid.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to utilize the 10% de minimis indirect cost rate.
The Schedule of Expenditures of Federal Awards and State Financial Assistance presents the activity of all federal programs and state projects of the Brevard County, Florida, primary government, as defined in Note 1. A. to the financial statements.
Title: 3) Provider Relief Fund (PRF)
Accounting Policies: The Schedule of Expenditures of Federal Awards and State Financial Assistance is maintained on a modified accrual basis of accounting for Governmental Fund types, and the full accrual basis of accounting for the Proprietary Fund types, as described in the notes to the financial statements; however, subrecipient expenditures are included when paid.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to utilize the 10% de minimis indirect cost rate.
The County's presented amount on the Schedule of Expenditures of Federal Awards and State Financial Assistance are based on the PRF Report for Period 5, January 1, 2023 to December 31, 2023. See Notes to the SEFSA for Chart/Table.
Title: 4) Contingencies
Accounting Policies: The Schedule of Expenditures of Federal Awards and State Financial Assistance is maintained on a modified accrual basis of accounting for Governmental Fund types, and the full accrual basis of accounting for the Proprietary Fund types, as described in the notes to the financial statements; however, subrecipient expenditures are included when paid.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to utilize the 10% de minimis indirect cost rate.
Grant monies received by the County are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the County does not believe that such disallowances, if any, would have a material effect on the financial position of the County. As of September 30, 2024 there was no material questioned or disallowed costs as a result of grant audits in process or completed of which management was aware. Any adjustments to grant funding are recorded in the year the adjustment occurs.
Title: 5) Stafford Act Claimed Costs
Accounting Policies: The Schedule of Expenditures of Federal Awards and State Financial Assistance is maintained on a modified accrual basis of accounting for Governmental Fund types, and the full accrual basis of accounting for the Proprietary Fund types, as described in the notes to the financial statements; however, subrecipient expenditures are included when paid.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to utilize the 10% de minimis indirect cost rate.
The recording of expenditures on the Schedule of Expenditures of Federal Awards and State Financial Assistance relating to Stafford Act funds are based on when the funds are obligated by FEMA. Expenditures incurred in previous fiscal years, but obligated and reported in the current fiscal year, were as follows: See Notes to the SEFSA for Chart/Table.
Title: 6) Reissue of Schedule of Expenditures of Federal Awards and State Financial Assistance Program
Accounting Policies: The Schedule of Expenditures of Federal Awards and State Financial Assistance is maintained on a modified accrual basis of accounting for Governmental Fund types, and the full accrual basis of accounting for the Proprietary Fund types, as described in the notes to the financial statements; however, subrecipient expenditures are included when paid.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to utilize the 10% de minimis indirect cost rate.
It was discovered subsequent to June 11, 2025 that the Schedule of Expenditures of Federal Awards and State Financial Assistance as of September 30, 2024 has omitted one state program - CSFA 40.901 State Housing Initiative Program Trust Fund - in the amount of $757,067. Consequently, the 2024 Schedule of Expenditures of Federal Awards and State Financial Assistance as of September 30, 2024, as previously issued on June 11, 2025, has been revised to correct this omission.