Title: NOTE 1 – REPORTING ENTITY
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to KCAPTA’s financial statements.
De Minimis Rate Used: N
Rate Explanation: KCAPTA has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The Kings County Area Public Transit Agency (KCAPTA), a joint powers agency, is comprised of the
County of Kings and the cities of Hanford, Lemoore, and Avenal. Operations began in June of 1980.
KCAPTA oversees the operation of Kings Area Rural Transit (KART), and until December 31, 2011, the
Vanpool systems program and the Agricultural Industries Transportation program (as of January 1, 2012,
California Vanpool Authority assumed operations of the vanpool programs).
KCAPTA established the operating policies and defines the services to be provided by KART including
service hours and days, fares, and routes of the Public Transit System. The day-to-day management and
actual operation of the system are carried out under contract with a private firm, MV Transportation, Inc.
All operating personnel (managers, dispatchers, mechanics, and drivers) are employees of MV
Transportation, Inc.
KART presently uses a fleet of vehicles ranging in size from 5-passenger vans to 33-passenger buses to
provide transit services. Two levels of services are offered: fixed-route and paratransit service.
Paratransit service is available daily in Hanford, Lemoore, and Armona. There are regular Hanford-
Lemoore, Hanford-Avenal, Hanford-Corcoran, Hanford-Laton, Hanford-Visalia, and Hanford-Fresno fixedroute
service, along with commuter service to Corcoran State Prison. In addition to regular fares, there are cash cards and 30-day passes.
KCAPTA started the vanpool programs in 2001 to provide services for those who commute. The goal of the vanpool programs was to provide safe alternative transportation to travel to and from work. Due to the growth of the programs, a new agency was formed on October 21, 2011. The new agency, California Vanpool Authority (CalVans), assumed responsibility for the vanpool programs and took over the operations as of January 1, 2012. All assets related to the operations of the vanpool programs were transferred to CalVans as of December 31, 2011.
Prior to July 4, 2005, KCAPTA was part of the governmental structure of Kings County (the County). On July 4, 2005, KCAPTA became a public entity separate from the County. Personnel became employees of KCAPTA and maintained the same employment benefits, rights, and protections afforded to employees of the County. The County provides the following benefits and services to KCAPTA on a cost allocation basis: self-insurance benefits; fiscal and accounting services; banking and investment services; and information technology. The following services are reimbursed by KCAPTA to the County: human resources and motor pool services. These services are reimbursed to the County based upon actual cost or rates established by the County for the same services provided to non-County agencies. The County provides additional services to KCAPTA on an as needed basis billed at the standard rate for actual services provided.
Title: NOTE 2 – SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to KCAPTA’s financial statements.
De Minimis Rate Used: N
Rate Explanation: KCAPTA has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all Federal award programs of KCAPTA. All Federal awards received directly from Federal agencies as well as Federal awards passed through from other government agencies are included on the Schedule.
Title: NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to KCAPTA’s financial statements.
De Minimis Rate Used: N
Rate Explanation: KCAPTA has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
Basis of Accounting
The accompanying Schedule is presented using the accrual basis of accounting, which is described in Note 1 to KCAPTA’s financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule presents the activity of all Federal financial assistance programs of KCAPTA. Federal financial assistance received directly from Federal agencies as well as Federal financial assistance passed through the State of California are included in the Schedule. The Schedule was prepared from only the accounts of various grant programs and, therefore, does not present the financial position or results of operations of KCAPTA.
Title: NOTE 4 – RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to KCAPTA’s financial statements.
De Minimis Rate Used: N
Rate Explanation: KCAPTA has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
Federal award monies are reported in KCAPTA’s financial statements as revenues from Federal
operating and capital assistance grants.
Title: NOTE 5 – SUMMARY OF GRANTS
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to KCAPTA’s financial statements.
De Minimis Rate Used: N
Rate Explanation: KCAPTA has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
KCAPTA receives various Federal grant awards from the Department of Transportation – Federal Transit
Administration, which are described in Note 1 to KCAPTA’s financial statements.
Title: NOTE 6 – INDIRECT COST RATE
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to KCAPTA’s financial statements.
De Minimis Rate Used: N
Rate Explanation: KCAPTA has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
KCAPTA has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.