Notes to SEFA
The accompanying schedules of expendutires of federal awards and state financial assistance (the "schedules") includes the federal and state award activity of the Agency under programs of the federal and state governments for the year ended December 31, 2024. The information in the schedules 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 (Uniform Guidance) and the State of FLorida Chapter 10.650, Rules of the Auditor General. Because the schedules present only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Agency
Expenditures reported on the schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the State of Florida Chapter 10.650, Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Agency has elected not to use the 10% de minimus indirect cost rate for its federal award and state financial assistance proigrams. The indirect cost rates used for the Agency's programs are determined by the relevant federal or state agency.
The Uniform Guidance defines a cluster of programs as a grouping of closely related programs that share common compliance requirements. According to this definition, similar programs deemed to be a cluster of programs are considered to be one program and are presented accordingly.
Amounts received, or receivable, from grantor agencies are subject toaudit and adjustment by grantor agencies. If any expenditures are disallowed as a result of these audits, the claims for reimbursement to the grantor agency would become a liability of the Agency. In the opinion of management, any such adjusrment would not be significant.
All matching requirements for the grants and contracts in effect from January 1, 2024 through Decembert 31, 2024 have been met by the Agency.
The Agency has met the sub-recipient monitoring requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards for the grants and contracts in effect for 2024.