The accompanying schedule of expenditures of federal awards and state financial assistance includes the federal and state grant activity of The Ounce of Prevention Fund of Florida, Inc. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Audits of States, Local Governments, and Non-Profit Organizations, and Chapter 10.650, Rules of the Auditor General. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the basic financial statements. For purposes of the schedule, federal and state awards include all grants, contracts, and similar agreements entered into directly with the federal government and State of Florida and other pass through entities. The Ounce of Prevention Fund of Florida, Inc. has obtained Assistance Listing Numbers to ensure that all programs have been identified in the schedule. Federal programs with different Assistance Listing Numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
The schedule was prepared on the modified accrual basis of accounting. Fixed assets are included in the schedule in the period in which they are purchased and placed in service. Depreciation expense is not included in the schedule.
Interest earned on certain grant funds are applied to the applicable program. Therefore, certain grant expenditures may exceed the award amount.
Grant monies received and disbursed by The Ounce of Prevention Fund of Florida, Inc. are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, The Ounce of Prevention Fund of Florida, Inc. does not believe that such disallowance, if any, would have a material effect on the financial position of The Ounce of Prevention Fund of Florida, Inc. As of June 30, 2025, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
The Ounce of Prevention Fund of Florida, Inc. did not receive any federal or state noncash assistance for the fiscal year ended June 30, 2025.
The Ounce of Prevention Fund of Florida, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Ounce did not receive federally funded insurance during the fiscal year ended June 30, 2025.
The Ounce has no federally funded loans as of June 30, 2025. No funds were expended in the form of loan or loan guarantees during the fiscal year ended June 30, 2025.