Title: NOTE 1 – REPORTING ENTITY
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
Title: NOTE 2 – BASIS OF ACCOUNTING
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
Title: NOTE 3 – CATALOG OF FEDERAL DOMESTIC ASSISTANCE LISTING NUMBERS (ALN)
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The program titles and ALNs were obtained from the federal or pass-through grantor. When no ALN 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: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 5 – RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree or can be reconciled, in all
material respects, with amounts reported in the related federal financial assistance reports.
Title: NOTE 6 – RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree or can be reconciled, in all
material respects, with amounts reported in the County’s basic financial statements.
Title: NOTE 7 – PASS-THROUGH ENTITIES’ IDENTIFYING NUMBERS
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
When federal awards are 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
has 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, The County has indicated “--” as the pass-through identifying number.
Title: NOTE 8 – LOANS WITH CONTINUING COMPLIANCE REQUIREMENTS
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The County participates in certain federal award programs that sponsor revolving loan programs which are administered
by the County. These programs require servicing arrangements with the County. The funds are returned to the programs
upon repayment of the principal and interest. In accordance with Section 200.510 of the Uniform Guidance, the County
has reported the outstanding balance of loans from previous years that have significant continuing compliance
requirements as of June 30, 2023, along with the value of total outstanding and new loans made during the current year.
The programs listed below had the following aggregate, federally funded loans outstanding at June 30, 2023:
Financial Statements
Federal Assistance SEFA FY22/23 Balance
Listing Number Program Title June 30, 2023 Paydowns June 30, 2023
14.239 HOME Investment Partnership Program $ 380,000 $ - $ 380,000
Title: NOTE 9 – CALIFORNIA DEPARTMENT OF AGING SUMMARY
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance
programs of the County of Inyo (the County), but not its discretely presented component unit, First 5 Inyo County. The
County of Inyo 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 of Expenditures of Federal Awards. 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). Because the schedule presents only a selected
portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in
the financial statements, regardless of the measurement focus applied. The accompanying Schedule of Expenditures of
Federal Awards is presented using the modified accrual basis of accounting for grants accounted for in the governmental
fund types and the accrual basis of accounting for grants accounted for in the proprietary fund types, as described in the
notes to the County financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition,
the outstanding balance of prior year’s loans that have significant continuing compliance requirements have been
included in total federal expenditures.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The table below summarizes the Federal pass-through expenditures incurred by Title as required by the California
Department of Aging: