The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the Federal grant activity of the Municipality of Sabana Grande, Puerto Rico (Municipality) under programs of the Federal government for the fiscal year ended June 30, 2025. 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). Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the basic financial statements. The reporting entity is defined in Note 1 (A) to the basic financial statements.
A. The Schedule is prepared from Municipality’s accounting records and presents only a selected portion of the operations of the Municipality, it is not intended to, and does not present, the financial position or changes in net position of the Municipality. B. The Municipality in accordance with the terms and conditions of the grants, records the financial transactions which are consistent with accounting principles generally accepted in the United States of America. C. Expenditures are recognized in the accounting period in which the liability is incurred, if measurable or when actually paid, whichever occurs first. D. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting, except for the programs Section 8 Housing Choice Vouchers (HCV) and Disaster Grants- Public Assistance. Expenditures for HCV Program are equal to the ACC subsidy for the PHA fiscal period. Expenditures for Disaster Grants- Public Assistance are recognized in the period when; (a) FEMA has approved the PW and (b) eligible expenditures are incurred
The Assistance Listing Numbers included in this Schedule are determined based on the program name, review of grant contract information and the Sam.gov website. Assistance listings are detailed public descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of assistance awards.
The Municipality has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
State or local government redistribution of federal awards to the Municipality, treated as if they were received directly from the federal government. The Uniform Guidance requires the schedule to include the name of the pass through entity and identifying number assigned by the pass through entity for federal awards received as a subrecipient. Numbers identified as N/AV are not available.
Major programs are identified in the Summary of Auditor’s Results Section of the Schedule of Findings and Questioned Costs.
The information included in the Schedule may not fully agree with other federal award reports submitted directly to federal granting agencies.
Expenditures of federal awards are reported in the Municipality’s Statement of Revenues, Expenditures and Changes in Fund Balances- Governmental Fund as follows: Fund Debt Service Fund Head Start Fund Special Assignments Funds CDBG Fund FEMA Fund Other Governmental Funds Total Total Federal expenditures per Schedule of Expenditures of Federal Awards $ - $ - $ 4,673,089 $ - $ 805,670 $ 2,021,258 $ 7,293,559 $ 14,793,576 Less: Transfer out to the General Fund to reimburse current year expenditures - - - - - - (112,742) (112,742) Add: Adjustment to expenditures under modified accrual basis for Section 8 HCV Program - - - - - - 19,213 19,213 Non-federal awards expenditures 8,511,411 296,219 - 1,863,372 - - 2,257,280 12,928,282 $ 8,511,411 $ 296,219 $ 4,673,089 $ 1,863,372 $ 805,670 $ 2,021,258 $ 9,457,310 $ 27,628,329
The Municipality is required to identify in the notes to the Schedule of Expenditures of Federal Awards the balances outstanding at the end of the period. Program’s transactions during fiscal year 2024-2025 are as follows
The Municipality received a direct loan from the United States Department of Agriculture (USDA). USDA imposes continuing compliance requirements; therefore the loan balance outstanding must be included in the Municipality’s Schedule of Expenditures of Federal Awards. Program’s transactions during fiscal year 2024-2025 are as follows: