Notes to SEFA
The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The Joint Development Authority of Gilmer County and Pickens County (the Authority) for the year ended December 31, 2024. The information in the 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, statement of activities, or cash flows of the Authority.
On March 11, 2021, the American Rescue Plan Act was signed into law, and established the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund, which together make up the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program. This program delivers $350 billion and is intended to provide support to state, territorial, local, and tribal governments in responding to the economic and public health impacts of COVID-19 and in their efforts to contain impacts on their communities, residents and businesses. Through the SLFRF program, the State of Georgia’s State Fiscal Recovery Fund awarded grant funds totaling $23,560,600 to the Authority. During the year ended December 31, 2024, the Authority expended $5,326,747 of the total grant funds awarded.