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 Monterey for the year ended June 30, 2024. 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).
Title: Assistance Listing Numbers
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 Assistance Listing Numbers were obtained from the federal or passthrough
grantor.
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, 2024 as follows:
Loans with
Continuing
Outstanding Compliance
ALN Federal Program Loans Requirements
11.307 EDA Countywide Revolving Loan Fund $ 2,584,436 $ 1,935,803
14.228 Community Development Block
Grant/States Program 3,111,881 3,123,524
14.239 Home Investment Partnership Program 7,634,191 7,696,725
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.
Title: Department of Aging Fderal/State Share
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 California Department of Aging (CDA) requires agencies that receive CDA funding to
display state-funded expenditures discretely along with federal expenditures. The County
expended the following state and federal amounts under these grants:
Assistance
Listing Contract Federal State
Number Number Expenditures Expenditures
93.041 AP-2324-32 $ 4,912 $ -
93.042 AP-2324-32 39,261 -
93.042 AP-2122-32 1,058 -
93.043 AP-2324-32 33,188 -
93.044 AP-2324-32 387,984 212,943
93.044 AP-2122-32 411,247 -
93.045 AP-2324-32 578,018 128,035
93.045 AP-2122-32 209,154 -
93.045 AP-2324-32 555,160 569,512
93.045 AP-2122-32 291,428 -
93.052 AP-2324-32 229,805 -
93.052 AP-2122-32 104,736 -
93.053 AP-2324-32 92,375 -
93.071 MI-2223-32 7,450 -
93.071 MI-2324-32 40,494 -
92.324 HI-2122-32 254,751 -
92.324 HI-2425-32 73,578 -
N/A AP-2324-32 - 39,018
N/A IF-2223-32 - 621,451
N/A AD-2223-09 - 279,419
N/A NI-2223-32 - 151,578
N/A DC-2223-32 - 141,599
N/A PH-2223-32 - 119,547
Total $ 3,314,599 $ 2,263,102