Title: Note 5 Indirect Cost Rate
Accounting Policies: Note 1 Reporting EntityThe financial reporting entity, as defined by the Governmental Accounting Standard Board (GASB), consists of the primary government, which is the City of Fresno, California (the City), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entitys financial statements to be misleading or incomplete. The Citys reporting entity is defined further in Note 1a to the Citys basic financial statements. Note 2 Basis of AccountingFunds received under the various grant programs have been recorded within the general fund, special revenue funds and proprietary funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and special revenue funds and accrual method of accounting for proprietary funds. The accompanying Schedule of Expenditures of Federal Awards (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 (the Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the Citys basic financial statements.Note 3 Schedule of Expenditures of Federal AwardsThe accompanying Schedule presents the activity of all federal financial assistance programs of the City. Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through the State of California and Fresno Council of Governments, is included in the Schedule. The Schedule was prepared from only the accounts of various grant programs and, therefore, does not present the financial position, change in fund balance, or results of operations of the City.Note 4 Assistance Listing NumbersThe Assistance Listing Numbers (ALNs) included in the accompanying Schedule were determined based on the federal program name, review of grant contract information, and the U.S. General Services Administrations SAM.gov website.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City has not elected to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
Title: Note 6 Section 108 Loans
Accounting Policies: Note 1 Reporting EntityThe financial reporting entity, as defined by the Governmental Accounting Standard Board (GASB), consists of the primary government, which is the City of Fresno, California (the City), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entitys financial statements to be misleading or incomplete. The Citys reporting entity is defined further in Note 1a to the Citys basic financial statements. Note 2 Basis of AccountingFunds received under the various grant programs have been recorded within the general fund, special revenue funds and proprietary funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and special revenue funds and accrual method of accounting for proprietary funds. The accompanying Schedule of Expenditures of Federal Awards (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 (the Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the Citys basic financial statements.Note 3 Schedule of Expenditures of Federal AwardsThe accompanying Schedule presents the activity of all federal financial assistance programs of the City. Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through the State of California and Fresno Council of Governments, is included in the Schedule. The Schedule was prepared from only the accounts of various grant programs and, therefore, does not present the financial position, change in fund balance, or results of operations of the City.Note 4 Assistance Listing NumbersThe Assistance Listing Numbers (ALNs) included in the accompanying Schedule were determined based on the federal program name, review of grant contract information, and the U.S. General Services Administrations SAM.gov website.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City has one (1) Section 108 loan outstanding at June 30, 2022. Semi-annual payments on this Section 108 loan are made from interest earned on the restricted loan investments and from Community Development Block Grants/Entitlement Grants Program and are included in the federal expenditures for the Community Development Block Grants on the Schedule. Total principal and interest payments totaled $132,628 for the year ending June 30, 2022, of which $132,628 was paid from Community Development Block Grant funds.Project Name Section 108 Note - Neighborhood Streets/Parks Assistance Listing Number 14.218 Unspent Loan Proceeds as of June 30, 2022 $0 Outstanding Loan Balances as of June 30, 2022 $130,000
Title: Note 8 Prior Year Expenditures included in the Schedule of Expenditures o
Accounting Policies: Note 1 Reporting EntityThe financial reporting entity, as defined by the Governmental Accounting Standard Board (GASB), consists of the primary government, which is the City of Fresno, California (the City), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entitys financial statements to be misleading or incomplete. The Citys reporting entity is defined further in Note 1a to the Citys basic financial statements. Note 2 Basis of AccountingFunds received under the various grant programs have been recorded within the general fund, special revenue funds and proprietary funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and special revenue funds and accrual method of accounting for proprietary funds. The accompanying Schedule of Expenditures of Federal Awards (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 (the Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the Citys basic financial statements.Note 3 Schedule of Expenditures of Federal AwardsThe accompanying Schedule presents the activity of all federal financial assistance programs of the City. Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through the State of California and Fresno Council of Governments, is included in the Schedule. The Schedule was prepared from only the accounts of various grant programs and, therefore, does not present the financial position, change in fund balance, or results of operations of the City.Note 4 Assistance Listing NumbersThe Assistance Listing Numbers (ALNs) included in the accompanying Schedule were determined based on the federal program name, review of grant contract information, and the U.S. General Services Administrations SAM.gov website.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Schedule includes the following expenditures that were incurred in the prior year:The City incurred costs totaling $228,289 under the Airport Improvement Program (AIP) during the year ended June 30, 2022, for which no funding was approved in fiscal year 2022. The City incurred pre-award costs as follows: $317,863 under the FY19 Urban Mass Transportation Capital, Planning, Operating Assistance Grant, and $386,045 under the FY20 Urban Mass Transportation Capital, Planning, Operating Assistance Grant under the ALN 20.507 during the year ended June 30, 2022, prior to receiving the official grant awards.