The Municipality of Vieques of the Commonwealth of Puerto Rico (Municipality) was founded in 1844, and operates as a governmental unit of the Commonwealth of Puerto Rico under Act Number 81 of August 30, 1991, known as the Autonomous Municipalities Laws of the Commonwealth of Puerto Rico. It is governed by a Mayor and a 14-member Municipal Legislature elected for a four-year term.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activities of the Municipality of Vieques of the Commonwealth of Puerto Rico (Municipality) under programs of the Federal government for the fiscal year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Municipality, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Municipality.
A. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-87, Cost Principles for State and Local Government or those contained in the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement. B. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. C. Pass-through entity identifying numbers are presented where available. D. The Municipality has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The information included in the Schedule may not fully agree with other federal award reports submitted directly to federal granting agencies.
The Federal Assistance Listing Number, formerly known as the Catalog of Federal Domestic Assistance (CFDA) Number, is a five-digit number assigned in the awarding document for all Federal assistance award mechanisms, including Federal grants and cooperative agreements.
Expenditures of Federal awards are reported in the Municipality’s Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Fund as follows: COVID Assistance Fund – $1,391,478, SBGP Fund – $2,145,425, Reconstruction Fund – $14,203,402 and Other Governmental Funds – $526,122.