Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of Leon County Research andDevelopment Authority (the Authority) for the year ended September 30, 2022. The information in the Schedule 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. Amounts included on the Schedule include only the expenditure of Federal Awards received directly from an awarding agency.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.