Title: 1 Reporting Entity
Accounting Policies: Funds received under the various grant programs have been recorded within the General Fund, special revenue, and
enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and
special revenue funds and full accrual basis of accounting for the enterprise 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 (Uniform Guidance) and includes the federal award activity for the year ended
June 30, 2024. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used
in, the preparation of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
The financial reporting entity consists of (a) the primary government, City of Clovis, California (the “City”), (b)
organizations for which the primary government is financially accountable, including the Clovis Community
Development Agency (dissolved on February 1, 2012 and established a Successor Agency, which is reported as a
private-purpose trust fund in the City’s financial statements), Clovis Municipal Development Corporation, and Clovis
Public Financing Authority, and (c) other organizations for which the primary government is not accountable, but for
which the nature and significance of their relationship with the primary government are such that exclusion would
cause the reporting entity’s financial statements to be misleading or incomplete.
Title: 2 Basis of Accounting
Accounting Policies: Funds received under the various grant programs have been recorded within the General Fund, special revenue, and
enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and
special revenue funds and full accrual basis of accounting for the enterprise 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 (Uniform Guidance) and includes the federal award activity for the year ended
June 30, 2024. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used
in, the preparation of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
Funds received under the various grant programs have been recorded within the General Fund, special revenue, and
enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and
special revenue funds and full accrual basis of accounting for the enterprise 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 (Uniform Guidance) and includes the federal award activity for the year ended
June 30, 2024. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used
in, the preparation of the City’s basic financial statements.
Title: 3 SEFA
Accounting Policies: Funds received under the various grant programs have been recorded within the General Fund, special revenue, and
enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and
special revenue funds and full accrual basis of accounting for the enterprise 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 (Uniform Guidance) and includes the federal award activity for the year ended
June 30, 2024. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used
in, the preparation of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
The 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, County of Fresno, and/or City of Fresno 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, change in
net position or fund balance, or results of operations and cash flows of the City.
Title: 4 Subrecipients
Accounting Policies: Funds received under the various grant programs have been recorded within the General Fund, special revenue, and
enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and
special revenue funds and full accrual basis of accounting for the enterprise 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 (Uniform Guidance) and includes the federal award activity for the year ended
June 30, 2024. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used
in, the preparation of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
The City passed-through $45,787 in Federal Assistance Listing No. 15.514 WaterSMART Program funding to the
Fresno Metropolitan Flood Control District during the fiscal year ended June 30, 2024.
Title: 5 Indirect Cost Rate
Accounting Policies: Funds received under the various grant programs have been recorded within the General Fund, special revenue, and
enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and
special revenue funds and full accrual basis of accounting for the enterprise 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 (Uniform Guidance) and includes the federal award activity for the year ended
June 30, 2024. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used
in, the preparation of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
The City did not elect to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
Title: 6 Contingencies
Accounting Policies: Funds received under the various grant programs have been recorded within the General Fund, special revenue, and
enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and
special revenue funds and full accrual basis of accounting for the enterprise 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 (Uniform Guidance) and includes the federal award activity for the year ended
June 30, 2024. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used
in, the preparation of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
Under the terms of federal and state grants, additional audits may be requested by the grantor agencies and certain
costs may be questioned as not being appropriate expenditures under the terms of the grants. Such audits could lead
to a request for reimbursement to the grantor agencies.