Title: BASIS OF PRESENTATION
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10 percent de minimis indirect cost rate as covered in 2
CFR §200.414.
The accompanying schedule of expenditures of federal awards presents the activity of all
federal awards programs of the County of Madera for the year ended June 30, 2023, except
for federal awards received by the Madera County Workforce Investment Corporation.
Madera County Workforce Investment Corporation engaged other auditors to perform an
audit in accordance with the U.S. Office of Management and Budget, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Code of
Federal Regulations, Title 2, Subtitle A, Chapter II, Part 200) also referred to as the Uniform
Guidance.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10 percent de minimis indirect cost rate as covered in 2
CFR §200.414.
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.
Title: FEDERAL ASSISTANCE LISTING NUMBER
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10 percent de minimis indirect cost rate as covered in 2
CFR §200.414.
The program titles and Federal Assistance Listing numbers were obtained from the federal
or pass-through grantor. When no Federal 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: INDIRECT COST RATE
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10 percent de minimis indirect cost rate as covered in 2
CFR §200.414.
The County did not elect to use the 10 percent de minimis indirect cost rate as covered in 2
CFR §200.414.
Title: LOANS WITH CONTINUING COMPLIANCE REQUIREMENTS
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10 percent de minimis indirect cost rate as covered in 2
CFR §200.414.
Outstanding federally funded program loans, with a continuing compliance requirement,
carried balances as of June 30, 2023 as follows:
Title: OTHER LOANS
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10 percent de minimis indirect cost rate as covered in 2
CFR §200.414.
Outstanding federally funded program loans, carried balances as of June 30, 2023 as
follows:
Title: PASS-THROUGH ENTITIES’ IDENTIFYING NUMBER
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10 percent de minimis indirect cost rate as covered in 2
CFR §200.414.
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.