Title: 1. REPORTING ENTITY
Accounting Policies: The financial reporting entity, as defined by the Governmental Accounting Standards Board (GASB), consists of the primary government, which is the County of Contra Costa, California (County), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs, with the exception of the Health Services Department’s Continuum of Care Program (Assistance Listing number 14.267).
The financial reporting entity, as defined by the Governmental Accounting Standards Board (GASB), consists of the primary government, which is the County of Contra Costa, California (County), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity’s financial statements to be misleading or incomplete.
Title: 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The financial reporting entity, as defined by the Governmental Accounting Standards Board (GASB), consists of the primary government, which is the County of Contra Costa, California (County), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs, with the exception of the Health Services Department’s Continuum of Care Program (Assistance Listing number 14.267).
A. Basis of Accounting
Funds received under the various grant programs have been recorded within the general fund, special revenue funds, capital projects fund, and enterprise funds of the County. The County utilizes the modified accrual method of accounting for the general fund, special revenue funds, and capital projects fund and full accrual basis of accounting for the enterprise funds.
The accompanying schedule of expenditures of federal awards (SEFA) 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 amounts presented in the SEFA may differ from amounts presented in, or used in, the preparation of the County’s basic financial statements.
B. Schedule of Expenditures of Federal Awards
The accompanying SEFA presents the activity of all federal financial assistance programs of the County, except for the awards related to the County of Contra Costa Housing Authority (Housing Authority) that conducted a separate single audit in accordance with the Uniform Guidance. Federal financial assistance received directly from federal agencies, as well as any federal financial assistance passed through the State of California and other agencies, is included in the SEFA. The SEFA was prepared from only the accounts of various grant programs and therefore does not present the financial position, changes in fund balances/net position, or results of operations of the County.
The SEFA also includes the grant identifying number as provided by the federal or pass-through grantors. If no such number was provided, the County denotes “N/A” on the SEFA.
C. Loan Programs
The County has provided loans under several U.S. Department of Housing and Urban Development programs. These loans are made to carry out activities for affordable housing and economic development. The programs are administered both internally and by servicing and trust arrangements with financial institutions to collect loan repayments. The funds will be returned to the County programs upon repayment of the principal and interest and will be recorded as program income at that time. Loans extended under the Community Development Block Grants/Entitlement Grants (CDBG) and the Home Investment Partnerships Program (HOME) by the County are not considered loans as described in 2 CFR section 200.502(b) Loans and loan guarantees (loans).
Title: 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Accounting Policies: The financial reporting entity, as defined by the Governmental Accounting Standards Board (GASB), consists of the primary government, which is the County of Contra Costa, California (County), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs, with the exception of the Health Services Department’s Continuum of Care Program (Assistance Listing number 14.267).
D. Other Cluster Designated by the State of California
The SEFA includes the State-designated Aging Cluster, which is different than Part 5 of the 2024 OMB Compliance Supplement, as permitted by the Uniform Guidance in 2 CFR 200.1. The State-designated Aging Cluster includes Assistance Listing numbers 93.041, 93.042, 93.043, 93.044, 93.045, 93.052, and 93.053.
Title: 3. SUMMARY OF FEDERAL EXPENDITURES OF THE HOUSING AUTHORITY
Accounting Policies: The financial reporting entity, as defined by the Governmental Accounting Standards Board (GASB), consists of the primary government, which is the County of Contra Costa, California (County), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs, with the exception of the Health Services Department’s Continuum of Care Program (Assistance Listing number 14.267).
The Housing Authority’s federal expenditures are excluded from the accompanying SEFA because they are separately audited by other auditors. Expenditures of federal awards of the Housing Authority for the fiscal year ended March 31, 2024, were as follows:
Title: 4. INDIRECT COSTS
Accounting Policies: The financial reporting entity, as defined by the Governmental Accounting Standards Board (GASB), consists of the primary government, which is the County of Contra Costa, California (County), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs, with the exception of the Health Services Department’s Continuum of Care Program (Assistance Listing number 14.267).
The County did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs, with the exception of the Health Services Department’s Continuum of Care Program (Assistance Listing number 14.267).
Title: 5. PROGRAM AND CLUSTER TOTALS
Accounting Policies: The financial reporting entity, as defined by the Governmental Accounting Standards Board (GASB), consists of the primary government, which is the County of Contra Costa, California (County), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs, with the exception of the Health Services Department’s Continuum of Care Program (Assistance Listing number 14.267).
The following table summarizes programs and clusters funded by various sources or grants whose totals are not shown on the SEFA.
Title: 6. DISASTER GRANTS – PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS)
Accounting Policies: The financial reporting entity, as defined by the Governmental Accounting Standards Board (GASB), consists of the primary government, which is the County of Contra Costa, California (County), organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis cost rate as covered in 2 CFR section 200.414 Indirect (F&A) costs, with the exception of the Health Services Department’s Continuum of Care Program (Assistance Listing number 14.267).
The California Governor’s Office of Emergency Services (CalOES) reimburses the County for 100% of allowable costs funded by Disaster Grants – Public Assistance (Presidentially Declared Disasters) (Programs), assistance listing number 97.036. During fiscal year 2024, the Programs claimed $38,455,417 for costs incurred between fiscal years 2020 through 2023. The prior year reimbursed costs are allowable and consistent with Public Assistance Funding. CalOES issues Obligation Letters which were received at multiple times during fiscal year 2024. The CalOES Obligation Letters provide cost recognition and reimbursements for all response and recovery projects arising out of the COVID-19 events and Winter Storms of the same year.