Title: NOTE 1 - GENERAL
Accounting Policies: The accompanying Schedule of Expenditure of Federal Awards (SEFA) presents the activity of all Federal Financial Assistance programs of the City of Bakersfield, California (the City). As defined in Note 1 of the notes to the City's basic financial statements, those financial statements and accompanying SEFA present the City and its component units, if any, entities for which the City is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the City's operations and so data from these units are combined with data of the City. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements of the City to emphasize that they are legally separate from the City. Each blended and discretely presented component unite has a June 30 year-end. The City's Annual Comprehensive Financial Report (ACFR) may be obtained at the Financial Department. Federal financial assistance received directly from Federal agencies as well as Federal financial assistance pass through other government agencies are included on the schedule. The accompanying SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
The accompanying Schedule of Expenditure of Federal Awards (SEFA) presents the activity of all Federal Financial Assistance programs of the City of Bakersfield, California (the City). As defined in Note 1 of the notes to the City's basic financial statements, those financial statements and accompanying SEFA present the City and its component units, if any, entities for which the City is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the City's operations and so data from these units are combined with data of the City. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements of the City to emphasize that they are legally separate from the City. Each blended and discretely presented component unite has a June 30 year-end. The City's Annual Comprehensive Financial Report (ACFR) may be obtained at the Financial Department. Federal financial assistance received directly from Federal agencies as well as Federal financial assistance pass through other government agencies are included on the schedule. The accompanying SEFA is presented using the accrual basis of accounting.
Title: NOTE 2 - BASIS OF ACCOUNTING
Accounting Policies: The accompanying Schedule of Expenditure of Federal Awards (SEFA) presents the activity of all Federal Financial Assistance programs of the City of Bakersfield, California (the City). As defined in Note 1 of the notes to the City's basic financial statements, those financial statements and accompanying SEFA present the City and its component units, if any, entities for which the City is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the City's operations and so data from these units are combined with data of the City. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements of the City to emphasize that they are legally separate from the City. Each blended and discretely presented component unite has a June 30 year-end. The City's Annual Comprehensive Financial Report (ACFR) may be obtained at the Financial Department. Federal financial assistance received directly from Federal agencies as well as Federal financial assistance pass through other government agencies are included on the schedule. The accompanying SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 1 of the Notes to the City's basic financial statements.
Title: NOTE 3 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: The accompanying Schedule of Expenditure of Federal Awards (SEFA) presents the activity of all Federal Financial Assistance programs of the City of Bakersfield, California (the City). As defined in Note 1 of the notes to the City's basic financial statements, those financial statements and accompanying SEFA present the City and its component units, if any, entities for which the City is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the City's operations and so data from these units are combined with data of the City. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements of the City to emphasize that they are legally separate from the City. Each blended and discretely presented component unite has a June 30 year-end. The City's Annual Comprehensive Financial Report (ACFR) may be obtained at the Financial Department. Federal financial assistance received directly from Federal agencies as well as Federal financial assistance pass through other government agencies are included on the schedule. The accompanying SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
Amounts reported in the accompanying schedule, on pages 9-12, agree with the amounts reported in the related periodic Federal financial reports.
Title: NOTE 4 - INDRECT COST RATE
Accounting Policies: The accompanying Schedule of Expenditure of Federal Awards (SEFA) presents the activity of all Federal Financial Assistance programs of the City of Bakersfield, California (the City). As defined in Note 1 of the notes to the City's basic financial statements, those financial statements and accompanying SEFA present the City and its component units, if any, entities for which the City is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the City's operations and so data from these units are combined with data of the City. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements of the City to emphasize that they are legally separate from the City. Each blended and discretely presented component unite has a June 30 year-end. The City's Annual Comprehensive Financial Report (ACFR) may be obtained at the Financial Department. Federal financial assistance received directly from Federal agencies as well as Federal financial assistance pass through other government agencies are included on the schedule. The accompanying SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 5 - LOANS WITH CONTINUING COMPLIANCE REQUIREMENTS
Accounting Policies: The accompanying Schedule of Expenditure of Federal Awards (SEFA) presents the activity of all Federal Financial Assistance programs of the City of Bakersfield, California (the City). As defined in Note 1 of the notes to the City's basic financial statements, those financial statements and accompanying SEFA present the City and its component units, if any, entities for which the City is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the City's operations and so data from these units are combined with data of the City. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements of the City to emphasize that they are legally separate from the City. Each blended and discretely presented component unite has a June 30 year-end. The City's Annual Comprehensive Financial Report (ACFR) may be obtained at the Financial Department. Federal financial assistance received directly from Federal agencies as well as Federal financial assistance pass through other government agencies are included on the schedule. The accompanying SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
Outstanding federally-funded program loans with a continuing compliance requirements had the following balances and activities for the year end June 30, 2023:
Title: NOTE 6 - AMOUNT PROVIDED TO SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditure of Federal Awards (SEFA) presents the activity of all Federal Financial Assistance programs of the City of Bakersfield, California (the City). As defined in Note 1 of the notes to the City's basic financial statements, those financial statements and accompanying SEFA present the City and its component units, if any, entities for which the City is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the City's operations and so data from these units are combined with data of the City. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements of the City to emphasize that they are legally separate from the City. Each blended and discretely presented component unite has a June 30 year-end. The City's Annual Comprehensive Financial Report (ACFR) may be obtained at the Financial Department. Federal financial assistance received directly from Federal agencies as well as Federal financial assistance pass through other government agencies are included on the schedule. The accompanying SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
The City has provided federal awards to various organizations. The amounts provided to subrecipients are summarized as follows:
Title: NOTE 7 - RECONCILIATION TO BASIC FIANCIAL STATEMENTS
Accounting Policies: The accompanying Schedule of Expenditure of Federal Awards (SEFA) presents the activity of all Federal Financial Assistance programs of the City of Bakersfield, California (the City). As defined in Note 1 of the notes to the City's basic financial statements, those financial statements and accompanying SEFA present the City and its component units, if any, entities for which the City is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the City's operations and so data from these units are combined with data of the City. Discretely presented component units, on the other hand, are reported in a separate column in the combined financial statements of the City to emphasize that they are legally separate from the City. Each blended and discretely presented component unite has a June 30 year-end. The City's Annual Comprehensive Financial Report (ACFR) may be obtained at the Financial Department. Federal financial assistance received directly from Federal agencies as well as Federal financial assistance pass through other government agencies are included on the schedule. The accompanying SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
The following is a reconciliation of the amounts listed in the SEFA to the City's basic financial statements: