Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the “Schedule”) includes the Federal and State award activity of Seminole County, Florida under programs of the Federal and State governments for the year ended September 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, Audit Requirements for Federal Awards (Uniform Guidance) and Chapter 10.550, Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Seminole County, Florida, it is not intended to and does not present the financial position, changes in net position/fund balance, or cash flows of Seminole County, Florida.
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Seminole County has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Instead, as permitted by Title 2 U.S. Code of Federal Regulations Part § 200.414 Indirect costs Uniform Administrative Requirements, for the fiscal year ended September 30, 2025, the County allocated indirect cost rates in accordance with rates permitted for administrative charges by the various grants.