OMB Circular A-133 and Chapter 10.550. Accordingly, this report is not suitable for any other purpose.
CliftonLarsonAllen LLP Fort Myers, Florida
March 30, 2015
Federal Federal or The notes to the Schedule of Expenditures of Federal Awards are an integral part of this schedule.
For the Year Ended September 30, 2014 City of Cape Coral, Florida
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
166
CSFA State Contract/ State Transfers to State Agency/Program Title Number Grant Number Expenditures Subrecipients STATE OF FLORIDA, FLORIDA HOUSING FINANCE
CORPORATION:
State Housing Initiatives Partnership Program (S.H.I.P.) 52.901 N/A $ 424,357 $ 406,423
STATE OF FLORIDA, AGENCY FOR PERSONS WITH DISABILITIES:
Association for the Development of the Exceptional: 67.006
Transportation Services N/A 26,697
26,697
STATE OF FLORIDA, DEPARTMENT OF ENVIRONMENTAL PROTECTION
State Revolving Fund Program
Clean Water State Revolving Fund 37.077 WW360100 40,066,838
Drinking Water State Revolving Fund 37.076 DW360103 8,393,322
48,460,160
TOTAL EXPENDITURES OF STATE FINANCIAL ASSISTANCE 48,911,214 406,423
TOTAL EXPENDITURES OF FEDERAL AWARDS AND
STATE FINANCIAL ASSISTANCE $ 52,056,102 $ 1,658,231
The notes to the Schedule of Expenditures of Federal Awards and State Financial Assistance are an integral part of this schedule.
City of Cape Coral, Florida
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE (continued)
For the Year Ended September 30, 2014
City of Cape Coral, Florida
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
September 30, 2014 NOTE 1. PURPOSE OF THE SCHEDULE
The Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) is a supplementary schedule to the City’s basic financial statements and is presented for purposes of additional analysis. The Schedule is required by the Office of Management and Budget (OMB) Circular A-133, Audits of State and Local Governments, and Non-Profit Organizations and by Chapter 691-5, Rules of the Florida Department of Financial Services, Florida Administrative Code, Schedule of Expenditures of State Financial Assistance.
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Basis of Presentation
Federal Financial Assistance – Pursuant to the Single Audit Act of 1984 (Public Law 98-502), the Single Audit Act Amendments of 1996 (Public Law 104-156), and OMB Circular A-133, federal financial assistance is defined as assistance provided by a federal agency, either directly or indirectly, that nonfederal entities receive or administer, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property interest subsidies, insurance, or direct appropriations.
State Financial Assistance – Pursuant to Florida Single Audit Act (Section 215.97, Florida Statutes) and Chapter 691-5, Rules of the Florida Department of Financial Services, Florida Administrative Code, state financial assistance is defined as assistance from state resources, not including federal financial assistance and state matching, provided to nonstate entities to carry out a state project. State Financial Assistance includes all types of state assistance as stated in the rules of the Department of Financial Services, established in consultation with the Comptroller and appropriate state agencies that provide state financial assistance. It includes state financial assistance provided directly by state awarding agencies or indirectly by recipients of state awards or subrecipients. It does not include procurement contracts used to buy goods or services from vendors.
Catalog of Federal Domestic Assistance – OMB Circular A-133 requires the Schedule to present the total expenditures for each of the City’s federal financial assistance programs as identified in the Catalog of Federal Domestic Assistance (CFDA). The CFDA is a government-wide compendium of individual federal programs.
Federal financial assistance programs that have not been assigned a CFDA number are indicated with an “N/A.”
Catalog of State Financial Assistance – Chapter 691-5, Rules of the Florida Department of Financial Services, Florida Administrative Code requires the Schedule to present the total state financial assistance expended for each individual state project as identified in the Catalog of State Financial Assistance (CSFA). The CSFA is a comprehensive listing of state projects. State financial assistance projects that have not been assigned a CSFA number are indicated with an “N/A.”
B. Type A and Type B Programs
The Single Audit Act Amendments of 1996 and OMB Circular A-133 establish the levels of expenditures to be used in defining Type A and Type B federal financial assistance programs. Type A assistance programs for the City of Cape Coral are those programs that exceeded $300,000 for federal assistance and $300,000 for state projects for the year ended September 30, 2014.
All local governments that expend $500,000 or more a year in federal financial assistance must undergo a single audit conducted in compliance with OMB Circular A-133.
Each nonstate entity that expends a total amount of state financial assistance equal to or in excess of $500,000 in any fiscal year is required to have a state single audit for such fiscal year in accordance with the requirements of the Florida Single Audit Act (Section 215.97, Florida Statutes).
168
City of Cape Coral, Florida
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
September 30, 2014 C. Reporting Entity
The Schedule includes all federal financial assistance programs and state projects administered by the City of Cape Coral and included in the City’s Comprehensive Annual Financial Report. It specifically excludes federal financial assistance programs and state projects received by the discretely presented component unit, the Cape Coral Charter School Authority.
D. Basis of Accounting
Expenditures included in the Schedule are reported using the modified accrual basis of accounting for governmental funds and the accrual basis of accounting for enterprise funds as defined in Note I to the basic financial statements.
NOTE 3. SUBRECIPIENTS
Of the federal expenditures presented in the Schedule, the City of Cape Coral provided federal awards to subrecipients as follows:
Of the state expenditures presented in the Schedule, the City of Cape Coral provided state financial assistance to subrecipients as follows:
Federal financial assistance expenditures are included in the City’s basic financial statements as follows:
City of Cape Coral, Florida
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
September 30, 2014
State financial assistance expenditures are included in the City’s basic financial statements as follows:
Expenditures Special Revenue Funds:
Parks and Recreation - Special Populations & Transportation $ 26,697 Local Housing Assistance Fund - State Housing
Initiatives Partnership Program (S.H.I.P) 424,357 Capital Improvement Funds:
Water and Sewer - Utility Extension Project 48,460,160 48,911,214
$
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170
CITY OF CAPE CORAL, FLORIDA Schedule of Findings and Questioned Costs
Year Ended September 30, 2014
Part I - Summary of Auditors’ Results