Notes to SEFA
The grant revenue amounts received are subject to audit and adjustment. If any expenditures or expenses are disallowed by the grantor agencies as a result of such and audit, any claim for reimbursement to the grantor agencies would become a liability of the County.
Of the expenditures presented in the Schedule, Sarasota County provided, as practical, federal awards and state financial assistance to subrecipients as follows: See Chart on Page 400
After a presidentially declared disaster, FEMA provided Disaster Grants – Public Assistance (Presidentially Declared Disasters) (ALN 97.036) to reimburse eligible costs associated with emergency protective measures taken to respond to Hurricane Ian and Hurricane Milton. Hurricane Ian (DR-4673-FL) affected Sarasota County with an Incident Period beginning on September 23, 2022. In fiscal year 2025, $8,650,724 in eligible expenditures were approved that were incurred in fiscal year 2023 and are included in the Schedule.
The outstanding principal loan balance for the Water Infrastructure Finance and Innovation Act as of September 30, 2025 is $53,186,356.