Sarasota County, Florida Notes to the Schedule of Expenditures of Federal Awards and State Financial Assistance September 30, 2023 1. Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards and State Projects (the Schedule) includes the Federal and State grant activity for Sarasota County, Florida (the County) and is presented on the modified accrual basis of accounting for expenditures accounted for in the governmental funds and the accrual basis of accounting for expenditures in proprietary funds. Under the modified accrual basis, revenue is recognized if it is both measurable and available for use during the fiscal year, and expenditures are recognized in the period liabilities are incurred, if measurable. Under the accrual basis, expenditures are recognized in the period liabilities are incurred. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), and Section 215.97, Florida Statutes. Therefore, some amounts presented in the Schedule may differ from amounts presented, or used in the preparation of the basic financial statements for the fiscal year ended September 30, 2023. 2. Indirect Cost Rate The County has elected to use the 10 percent de minimis cost rate allowed under the Uniform Guidance, if appropriate. 3. Contingency The grant revenue amounts received are subject to audit and adjustment. If any expenditures or expenses are disallowed by the grantor agencies as a result of such an audit, any claim for reimbursement to the grantor agencies would become a liability of the County. 4. Subrecipients Of the expenditures presented in the Schedule, Sarasota County provided, as practical, federal awards and state financial assistance to subrecipients as follows: Program Title ALN/State CSFA Number Amount Provided to Subrecipients Community Development Block Grants/Entitlement Grants 14.218 $ 1,825,546 Emergency Solutions Grant Program 14.231 436,233 Edward Byrne Memorial Justice Assistance Grant Program 16.738 110,898 Community Services Block Grant 93.569 191,492 COVID19 Coronavirus State and Local Fiscal Recovery Funds 21.027 2,300,000 Total Provided to Subrecipients $ 4,864,169 404
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