A nonstate entity that receives or expends state financial assistance must, for the period covered by the entity’s financial statements, prepare a Schedule of Expenditures of State Financial Assistance. If a nonstate entity also expends federal awards, the entity may, after considering federal presentation requirements, present the expenditures of state financial assistance and federal awards on combined or separate schedules. At a minimum, the Schedule of Expenditures of State Financial Assistance must:

1. (1) List individual state projects by state agency, including identifying contract or grant number.
2. (2) For state financial assistance received as a subrecipient, list the name of the pass-through entity and the identifying contract or grant number assigned by the pass-through entity.
3. (3) Provide the total state financial assistance expended for each individual state project and the Catalog of State Financial Assistance (CSFA) number.
4. (4) Provide the total state financial assistance transferred to subrecipients for each state project.
5. (5) Include as expenditures in the schedule, the value of state financial assistance expended in the form of non-cash assistance. The value of state non-cash assistance will be established in accordance with paragraph 69I-5.004(2)(c), F.A.C.
6. (6) Include notes that describe the significant accounting policies used in preparing the schedule.

Rulemaking Authority 215.97(4) FS. Law Implemented 215.97 FS. History–New 2-5-01, Formerly 3A-5.003, Amended 11-1-05, 2-25-19.