Title: NOTE 1 REPORTING ENTITY
Accounting Policies: The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of County of Shasta, it is not intended to and does not present the financial position, changes in net position, or cash flows of County of Shasta.
De Minimis Rate Used: Both
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027).
The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the County of Shasta (County) for the year ended June 30, 2023. The County of Shasta’s reporting entity is defined in Note 1 to the County’s basic financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule.
Title: NOTE 2 BASIS OF ACCOUNTING
Accounting Policies: The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of County of Shasta, it is not intended to and does not present the financial position, changes in net position, or cash flows of County of Shasta.
De Minimis Rate Used: Both
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027).
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of County of Shasta, it is not intended to and does not present the financial position, changes in net position, or cash flows of County of Shasta.
Title: NOTE 3 FEDERAL ASSISTANCE LISTING NUMBERS
Accounting Policies: The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of County of Shasta, it is not intended to and does not present the financial position, changes in net position, or cash flows of County of Shasta.
De Minimis Rate Used: Both
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027).
The program titles and Assistance Listing numbers were obtained from the federal or pass- through grantor. When no Assistance Listing number had been assigned to a program, the two-digit federal agency identifier and the federal contract number were used. When there was no federal contract number, the two-digit federal agency identifier and the word “unknown” were used.
Title: NOTE 4 INDIRECT COST RATE
Accounting Policies: The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of County of Shasta, it is not intended to and does not present the financial position, changes in net position, or cash flows of County of Shasta.
De Minimis Rate Used: Both
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027).
The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027).
Title: NOTE 5 PASS-THROUGH ENTITIES’ IDENTIFYING NUMBER
Accounting Policies: The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of County of Shasta, it is not intended to and does not present the financial position, changes in net position, or cash flows of County of Shasta.
De Minimis Rate Used: Both
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027).
When federal awards were received from a pass-through entity, the schedule of expenditures of federal awards shows, if available, the identifying number assigned by the pass-through entity. When no identifying number is shown, the County determined that no identifying number is assigned for the program or the County was unable to obtain an identifying number from the pass-through entity.
Title: NOTE 6 LOANS WITH CONTINUING COMPLIANCE REQUIREMENT
Accounting Policies: The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of County of Shasta, it is not intended to and does not present the financial position, changes in net position, or cash flows of County of Shasta.
De Minimis Rate Used: Both
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027).
Outstanding federally-funded program loans, with a continuing compliance requirement, carried balances as of June 30, 2023 as follows:
Title: NOTE 7 OTHER LOANS
Accounting Policies: The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of County of Shasta, it is not intended to and does not present the financial position, changes in net position, or cash flows of County of Shasta.
De Minimis Rate Used: Both
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027).
Outstanding federally-funded program loans, carried balances as of June 30, 2023 as follows: