The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) is a supplementary schedule to the City’s basic financial statements and is presented for purposes of additional analysis. The Schedule is required by Title 2 of the U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), and Section 215.97, Florida Statutes. The Schedule includes all federal financial assistance programs and state projects administered by the City of Cape Coral and included in the City’s Annual Comprehensive Financial Report. It specifically excludes federal financial assistance programs and state projects received by the discretely presented component unit, the Cape Coral Charter School Authority.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance for all awards. Under these principles, certain types of expenditures are not allowable or are limited as to reimbursement. The City has not elected to use the de minimus indirect cost rate as allowed under the Uniform Guidance.
Of the federal expenditures presented in the Schedule, the City of Cape Coral provided federal financial assistance to subrecipients as follows: Community Development Block Grants / Entitlement Grants 14.218 $623,375 Of the state expenditures presented in the Schedule, the City of Cape Coral provided state financial assistance to subrecipients as follows: State Housing Initiatives Partnership Program 40.901 $1,073,116 State Housing Initiatives Partnership Hurricane Housing Recovery Program 40.902 $952,158
Federal financial assistance expenditures are included in the City's basic financial statements as follows: General Fund: Social Services Block Grant 282,474, Disaster Recovery Public Assistance 7,190,096, Special Revenue Funds: Community Development Block Grant (CDBG) 660,125, Community Development Block Grant - Disaster Recovery (CDBG-DR) 28,120, Public Works - Resforestation Grants 213,771, Police - Forensic Improvement & Safety Programs 516,849, Department of Justice Equitable Sharing Program 288,434, Development Services - Watershed Planning Studies 50,000, Capital Improvement Funds: Transportation - Sidewalk Construction 8,236, Water and Sewer Resiliency Project 51,288, Water and Sewer - Utility Expansion Projects 9,371,857, State financial assistance expenditures are included in the City's basic financial statements as follows: General Fund: Social Services Block Grant 434,223, Disaster Recovery Public Assistance 53,205, Special Revenue Funds: Local Housing Assistance Fund - State Housing Initiatives Partnership Program 3,357,171, Police - Safety Programs 66,959, Development Services - Flood Vulnerability Study 69,955, Capital Improvement Funds: Transportation - Sidewalk Construction 134,293, Fire - Station Construction & Renovation 707,661, North 1 Utilities Extension Project 8,011,380, Water and Sewer - Resiliency Projects 123,919