The Schedules of Expenditures of Federal Awards and Local and State Financial Assistance are prepared on the accrual basis of accounting.
All grants subject to the Florida Single Audit Act are included in the Schedule of State Financial Assistance. All grants subject to Single Audit in conformance with Uniform Guidance are included on the Schedule of Expenditures of Federal Awards. Local financial assistance is not subject to Single Audit.
The Authority utilized state toll revenue credits received from the Florida Department of Transportation under the following awards to satisfy federal and state matching requirements: Toll Revenue Award Credits Applied Grant Amount during Fiscal 2025 FL-2017-001 $ 17,609,919 $ 28,791 FL-2017-013 26,103,204 30,834 FL-2017-039 544,233 30,161 FL-2018-044 26,116,978 71,436 FL-2018-113 27,293,251 8,146 FL-2019-010 9,175,850 179,297 FL-2019-030 27,306,428 315,819 FL-2019-038 7,102,130 90,549 FL-2020-006 617,206 5,828 FL-2021-044 6,200,000 478,271 FL-2022-002 53,462,283 1,744,779 FL-2022-040 2,805,363 310,436 FL-2023-056 14,930,000 1,841,132 FL-2023-058 6,478,370 1,143,242 FL-2024-057 71,480,356 3,755,815 Total $ 297,225,571 $ 10,034,536
Contract services presented on the Schedule of Local Financial Assistance include only those services provided to local governmental units.
The Authority did not elect to use the 10 percent de minimis indirect cost rate as permitted by 2 CFR 200.414(f).