Notes to SEFA
The County did not have any loans or loan guarantee programs required to be reported on the Schedule for the fiscal year ending September 30, 2025.
During the year ended September 30, 2025, the County had no subrecipients other than the $4,026,012 of Coronavirus State and Local Fiscal Recovery Funds that were passed through to the City of Freeport, Florida.
The County did not receive any noncash assistance or federally funded insurance during the year ended September 30, 2025.
Grant monies received and disbursed by the County are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the County does not believe that such disallowance, if any, would have a material effect on the financial position of the County.
The County is also a sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-through are considered to be direct.
The County received and expended $22,428 in grant funding and interest from the Florida State Aid to Libraries grant for the fiscal year ended September 30, 2025.