Title: FESERAL 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: Y
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027) program.
The program titles and Assistance Listing numbers were obtained from the federal or pass-through grantor. When no Assistance Listing number 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: 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: Y
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027) program.
Outstanding federally-funded program loans, with a continuing compliance requirement, carried balances as of June 30, 2024 as follows:
Federal
Assistance
Listing SEFA FY 23/24 County Balance
Number Program Title June 30, 2024 Paydowns June 30, 2024
14.228 Community Development Block Grants $2,401,002 $59,021 $2,341,981
14.239 HOME Investment Partnerships Program $2,778,425 $143,606 $2,634,819
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: Y
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027) program.
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: 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: Y
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027) program.
The accompanying schedule of expenditures of federal awards (the schedule) presents the activity of all federal awards programs of the County of Shasta (the County) 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). 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: OTHER LOANS
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: Y
Rate Explanation: The 10% de minimis indirect cost rate was used by the County for the Coronavirus State & Local Fiscal Recovery Funds (21.027) program.
Outstanding federally-funded program loans, carried balances as of June 30, 2024 as follows:
Federal
Assistance
Listing Amount Outstanding
Number Program Title June 30, 2023 June 30, 2024
10.760 Water and Waste Disposal Systems for Rural Communities $568,100 $545,600
66.468 Capitalization Grants for Drinking Water State Revolving Funds $4,329,517 $4,154,810
81.041 State Energy Program $75,395 $25,506