Title: General
Accounting Policies: Consistent with YARTS’ method of filing federal financial reports, the accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method of accounting. The information in this 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). Therefore, some of the amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree, in all material respects, to amounts reported within YARTS’ financial statements.
De Minimis Rate Used: N
Rate Explanation: YARTS does not use the 10 percent de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards presents all the activity of all the federal award programs of the Yosemite Area Regional Transportation System (YARTS) for the year ended June 30, 2024. The YARTS reporting entity is defined in Note 1 to the YARTS’ financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule.
Title: Relationship to Federal Financial Reports
Accounting Policies: Consistent with YARTS’ method of filing federal financial reports, the accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method of accounting. The information in this 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). Therefore, some of the amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree, in all material respects, to amounts reported within YARTS’ financial statements.
De Minimis Rate Used: N
Rate Explanation: YARTS does not use the 10 percent de minimis indirect cost rate.
Amounts reported in the accompanying schedule agree with the amounts reported in the related periodic federal financial reports.
Title: Assistance Listing Number
Accounting Policies: Consistent with YARTS’ method of filing federal financial reports, the accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method of accounting. The information in this 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). Therefore, some of the amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree, in all material respects, to amounts reported within YARTS’ financial statements.
De Minimis Rate Used: N
Rate Explanation: YARTS does not use the 10 percent de minimis indirect cost rate.
The Assistant Listing numbers included in the accompanying Schedule of Expenditures of Federal Awards were determined based on the program name, review of the grant or contract information and the Office of Management and Budget’s Catalog of Federal Domestic Assistance.
Title: Pass-Through Entity Identifying Number
Accounting Policies: Consistent with YARTS’ method of filing federal financial reports, the accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method of accounting. The information in this 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). Therefore, some of the amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree, in all material respects, to amounts reported within YARTS’ financial statements.
De Minimis Rate Used: N
Rate Explanation: YARTS does not use the 10 percent de minimis indirect cost rate.
When Federal awards were received from a pass-through entity, the Schedule of Expenditures of Federal Awards show, if available, the identifying number assigned by the pass-through entity. When no identifying number is shown, YARTS has either determined that no identifying number is assigned for the program or YARTS was unable to obtain an identifying number from the pass-through entity.