Title: 1. REPORTING ENTITY
Accounting Policies: Basis of Accounting
Funds received under various grant programs have been recorded within the General, Special Revenue,
Capital Projects, and Enterprise funds of the City. The City utilizes the modified accrual method of
accounting for General, Special Revenue and Capital Projects funds and accrual basis of accounting for
Enterprise funds. The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented in
accordance with the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule of
Expenditures of Federal Awards may differ from amounts presented in, or used in, the presentation of the
City’s basic financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial
assistance programs of the City. Federal financial assistance received directly from federal agencies as well
as federal financial assistance passed through the State of California and County of Sutter, California are
also included in the Schedule of Expenditures of Federal Awards.
The Schedule of Expenditures of Federal Awards was prepared only from accounts of various grant
programs and, therefore, does not present financial position or results of operations of the City.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance,
and currently does not charge any indirect costs to federal programs.
The financial reporting entity, as described by the Governmental Accounting Standards Board (GASB)
Codification, consists of (a) the primary government, City of Yuba City (City), and (b) component units
which include organizations for which the primary government is financially accountable, and other
organization for which the primary government is not accountable, but 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. The component unit of the City is:
Yuba City Public Financing Authority
Title: 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Basis of Accounting
Funds received under various grant programs have been recorded within the General, Special Revenue,
Capital Projects, and Enterprise funds of the City. The City utilizes the modified accrual method of
accounting for General, Special Revenue and Capital Projects funds and accrual basis of accounting for
Enterprise funds. The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented in
accordance with the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule of
Expenditures of Federal Awards may differ from amounts presented in, or used in, the presentation of the
City’s basic financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial
assistance programs of the City. Federal financial assistance received directly from federal agencies as well
as federal financial assistance passed through the State of California and County of Sutter, California are
also included in the Schedule of Expenditures of Federal Awards.
The Schedule of Expenditures of Federal Awards was prepared only from accounts of various grant
programs and, therefore, does not present financial position or results of operations of the City.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance,
and currently does not charge any indirect costs to federal programs.
Basis of Accounting
Funds received under various grant programs have been recorded within the General, Special Revenue,
Capital Projects, and Enterprise funds of the City. The City utilizes the modified accrual method of
accounting for General, Special Revenue and Capital Projects funds and accrual basis of accounting for
Enterprise funds. The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented in
accordance with the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule of
Expenditures of Federal Awards may differ from amounts presented in, or used in, the presentation of the
City’s basic financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial
assistance programs of the City. Federal financial assistance received directly from federal agencies as well
as federal financial assistance passed through the State of California and County of Sutter, California are
also included in the Schedule of Expenditures of Federal Awards.
The Schedule of Expenditures of Federal Awards was prepared only from accounts of various grant
programs and, therefore, does not present financial position or results of operations of the City.
Title: 3. RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: Basis of Accounting
Funds received under various grant programs have been recorded within the General, Special Revenue,
Capital Projects, and Enterprise funds of the City. The City utilizes the modified accrual method of
accounting for General, Special Revenue and Capital Projects funds and accrual basis of accounting for
Enterprise funds. The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented in
accordance with the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule of
Expenditures of Federal Awards may differ from amounts presented in, or used in, the presentation of the
City’s basic financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial
assistance programs of the City. Federal financial assistance received directly from federal agencies as well
as federal financial assistance passed through the State of California and County of Sutter, California are
also included in the Schedule of Expenditures of Federal Awards.
The Schedule of Expenditures of Federal Awards was prepared only from accounts of various grant
programs and, therefore, does not present financial position or results of operations of the City.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance,
and currently does not charge any indirect costs to federal programs.
The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree, in all
material respects, to amounts reported within the City’s financial statements. Federal award revenues are
reported principally in the City’s financial statements as intergovernmental revenues in the General, Special
Revenue, Capital Projects, and Enterprise funds.
Title: 4. PASS-THROUGH ENTITIES’ IDENTIFYING NUMBER
Accounting Policies: Basis of Accounting
Funds received under various grant programs have been recorded within the General, Special Revenue,
Capital Projects, and Enterprise funds of the City. The City utilizes the modified accrual method of
accounting for General, Special Revenue and Capital Projects funds and accrual basis of accounting for
Enterprise funds. The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented in
accordance with the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule of
Expenditures of Federal Awards may differ from amounts presented in, or used in, the presentation of the
City’s basic financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial
assistance programs of the City. Federal financial assistance received directly from federal agencies as well
as federal financial assistance passed through the State of California and County of Sutter, California are
also included in the Schedule of Expenditures of Federal Awards.
The Schedule of Expenditures of Federal Awards was prepared only from accounts of various grant
programs and, therefore, does not present financial position or results of operations of the City.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance,
and currently does not charge any indirect costs to federal programs.
When federal awards were received from a pass-through, the Schedule of Expenditures of Federal Awards
shows, if available, the identifying number assigned by the pass-through entity.
Title: 5. INDIRECT COSTS
Accounting Policies: Basis of Accounting
Funds received under various grant programs have been recorded within the General, Special Revenue,
Capital Projects, and Enterprise funds of the City. The City utilizes the modified accrual method of
accounting for General, Special Revenue and Capital Projects funds and accrual basis of accounting for
Enterprise funds. The accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented in
accordance with the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule of
Expenditures of Federal Awards may differ from amounts presented in, or used in, the presentation of the
City’s basic financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial
assistance programs of the City. Federal financial assistance received directly from federal agencies as well
as federal financial assistance passed through the State of California and County of Sutter, California are
also included in the Schedule of Expenditures of Federal Awards.
The Schedule of Expenditures of Federal Awards was prepared only from accounts of various grant
programs and, therefore, does not present financial position or results of operations of the City.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance,
and currently does not charge any indirect costs to federal programs.
The City did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance,
and currently does not charge any indirect costs to federal programs