Title: NOTE 1 – REPORTING ENTITY
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all
Federal award programs of StanRTA. All Federal awards received directly from Federal agencies as well
as Federal awards passed through from other government agencies are included on the Schedule. The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to StanRTA’s financial statements.
De Minimis Rate Used: Y
Rate Explanation: StanRTA uses the 10% de minimis indirect cost rate allowed under the Uniform Guidance, when
applicable
The Stanislaus Regional Transit Authority (StanRTA) was created January 26, 2021, when the Modesto
City Council and Stanislaus County Board of Supervisors both unanimously approved the formation of the
new agency to improve transit efficiencies and operations in the Stanislaus region. StanRTA is governed
by a Board of Directors composed of representatives of the City of Modesto, County of Stanislaus, City of
Hughson, and Modesto Junior College. StanRTA will merge the City of Modesto MAX and the Stanislaus
County StaRT transit systems into one seamless system to better serve transit users.
Title: NOTE 2 – SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all
Federal award programs of StanRTA. All Federal awards received directly from Federal agencies as well
as Federal awards passed through from other government agencies are included on the Schedule. The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to StanRTA’s financial statements.
De Minimis Rate Used: Y
Rate Explanation: StanRTA uses the 10% de minimis indirect cost rate allowed under the Uniform Guidance, when
applicable
The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all
Federal award programs of StanRTA. All Federal awards received directly from Federal agencies as well
as Federal awards passed through from other government agencies are included on the Schedule.
Title: NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all
Federal award programs of StanRTA. All Federal awards received directly from Federal agencies as well
as Federal awards passed through from other government agencies are included on the Schedule. The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to StanRTA’s financial statements.
De Minimis Rate Used: Y
Rate Explanation: StanRTA uses the 10% de minimis indirect cost rate allowed under the Uniform Guidance, when
applicable
Basis of Accounting - The accompanying Schedule is presented using the accrual basis of accounting, which is described in Note 1 to StanRTA’s financial statements.
Title: NOTE 4 – RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all
Federal award programs of StanRTA. All Federal awards received directly from Federal agencies as well
as Federal awards passed through from other government agencies are included on the Schedule. The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to StanRTA’s financial statements.
De Minimis Rate Used: Y
Rate Explanation: StanRTA uses the 10% de minimis indirect cost rate allowed under the Uniform Guidance, when
applicable
Federal award monies are reported in StanRTA’s financial statements as revenues from Federal
operating and capital assistance grants.
Title: NOTE 5 – SUMMARY OF GRANTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all
Federal award programs of StanRTA. All Federal awards received directly from Federal agencies as well
as Federal awards passed through from other government agencies are included on the Schedule. The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to StanRTA’s financial statements.
De Minimis Rate Used: Y
Rate Explanation: StanRTA uses the 10% de minimis indirect cost rate allowed under the Uniform Guidance, when
applicable
StanRTA receives various Federal grant awards from the Department of Transportation – Federal Transit
Administration. The following is a summary of the grant programs.
Federal Transit – Section 5307 Formula Grants (Assistance Listing Number #20.507)
Funds are provided to assist in financing the acquisition, construction, cost-effective leasing,
maintenance, planning, and improvement of facilities and equipment for use in mass transportation
service, and for urbanized areas with populations under 200,000; to assist with the payment of
operating expenses to improve; or to continue mass transportation service.
Federal Transit – Sections 5309 and 5339 Capital Investment Grants (Assistance Listing Number
#20.526)
Funds are provided to assist in financing the acquisition, construction, reconstruction, and
improvement of facilities, rolling stock, and equipment for use in mass public transportation service,
and in coordinating service with highway and other transportation in such areas. Federal Transit – Section 5311 Formula Grants (Assistance Listing Number #20.509)
Funds are provided to improve, initiate, or continue public transportation service in nonurbanized
areas (rural areas and small cities under 50,000 in population) and to provide technical assistance for
rural transportation providers.
Title: NOTE 6 – INDIRECT COST RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all
Federal award programs of StanRTA. All Federal awards received directly from Federal agencies as well
as Federal awards passed through from other government agencies are included on the Schedule. The accompanying Schedule is presented using the accrual basis of accounting, which is described in
Note 1 to StanRTA’s financial statements.
De Minimis Rate Used: Y
Rate Explanation: StanRTA uses the 10% de minimis indirect cost rate allowed under the Uniform Guidance, when
applicable
StanRTA uses the 10% de minimis indirect cost rate allowed under the Uniform Guidance, when applicable.