Notes to SEFA
The accompanying schedule of expenditures of federal awards and state financial assistance (the “Schedule”) includes the federal and State award activity of the Authority under programs of the federal government and State of Florida for the year ended September 30, 2025. 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 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, changes in net assets or cash flows of The Authority. A reconciliation of the amounts included in the Schedule of Expenditures of Federal Awards and State Financial Assistance to the amounts included in the Statements of Revenues, Expenses and Changes in Net Position for the fiscal year ended September 30, 2025, is as follows: Schedule of Expenditures of Federal Awards and State Financial Assistance: Federal Award Expenditures $ 133,468,671 State Financial Assistance 11,588,596 Federal Awards and State Financial Assistance $ 145,057,267 Statements of Revenues, Expenses and Changes in Net Position: Federal and State Grants – Nonoperating Revenues $ - Capital Contributions 162,984,883 Contributions from Other Miscellaneous Sources 148,710 State of Florida - Aid to Others (18,076,326) Federal Awards and State Financial Assistance $ 145,057,267
The grant revenue amounts received are subject to audit and adjustment. If any expenditures are disallowed by the grantor agency as a result of such an audit, any claim for reimbursement to the grantor agencies would become a liability of the Authority. In the opinion of management, all grant expenditures are in compliance with the terms of the grant agreements and applicable federal laws and regulations.
Local Government Cybersecurity Grant Program The Authority received cybersecurity software solutions valued at $148,710, which were directly purchased by the Department of Management Services on its behalf. CFSA Amount/Worth 72.016 $148,710
The Authority did not provide any funding to subrecipients.