Notes to SEFA
Title: NOTE 2 - Disaster Grants
Accounting Policies: The Schedule of Expenditures of Federal Awards and State Financial Assistance was prepared with the accounting policies described in 'Note 1 -Summary of Significant Accounting Policies' of the Notes to the Financial Statements.
De Minimis Rate Used: N
Rate Explanation: The City's federal awards did not include indirect cost reimbursement and; therefore, the City did not elect to use the 10 percent de minimus cost rate, as covered by 2 CFR 200.214.
Following a Presidential declaration of a major disaster or emergency, the Federal Emergency Management Agency awards grants to assist affected entities with the response to, and recovery from, such disasters. In fiscal year 2022, FEMA approved $393 of eligible expenditures incurred in fiscal year ended September 30, 2017 for Hurricane Matthew, an event from October 2016. FEMA also approved $136,144 of expenditures for Hurricane Irma, an event that occurred in September 2017. Only $23,069 of eligible expenditures were incurred, $21,263 of which was incurred between the fiscal years ended between September 30, 2017 through September 30, 2021. FEMA also approved up to $97,800 of eligible expenditures incurred in fiscal year ended September 30, 2020 for COVID-19, an event that occurred in March 2020. In addition to the reimbursements received from FEMA, the City receives a funding match ranging from 5% - 12.5% from the State of Florida Department of Emergency Management. The state match is not included in the SEFA in accordance with guidance provided by the State of Florida Auditor General. The state funding match related to the FEMA expenditures reported above is $1,392.