Title: A. Reporting Entity
Accounting Policies: Funds received under the various grant programs have been recorded within the general, special
revenue, and capital projects funds of the City. The City utilizes the modified accrual basis of
accounting for the general, special revenue, and capital projects funds. Expenditures of federal
awards reported on the Schedule of Expenditures of Federal Awards (Schedule) are recognized
when incurred.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate.
The accompanying schedule presents only the expenditures incurred (and related awards received)
by the City of Chino (City) that are reimbursable under programs of federal agencies providing
financial assistance. For the purpose of this schedule, financial assistance includes both federal
financial assistance received directly from a federal agency, as well as federal funds received
indirectly by the City from a non-federal agency or other organization. Only the portion of the
program expenditures reimbursable with such federal funds is reported in the accompanying
schedule. Program expenditures in excess of the maximum federal reimbursement authorized or
the portion of the program expenditures that were funded with state, local or other non-federal
funds are excluded from the accompanying schedule.
Title: B. Basis of Accounting
Accounting Policies: Funds received under the various grant programs have been recorded within the general, special
revenue, and capital projects funds of the City. The City utilizes the modified accrual basis of
accounting for the general, special revenue, and capital projects funds. Expenditures of federal
awards reported on the Schedule of Expenditures of Federal Awards (Schedule) are recognized
when incurred.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate.
Funds received under the various grant programs have been recorded within the general, special
revenue, and capital projects funds of the City. The City utilizes the modified accrual basis of
accounting for the general, special revenue, and capital projects funds. Expenditures of federal
awards reported on the Schedule of Expenditures of Federal Awards (Schedule) are recognized
when incurred.
Title: C. Relationship of Schedule of Expenditures of Federal Awards to Financial Statements
Accounting Policies: Funds received under the various grant programs have been recorded within the general, special
revenue, and capital projects funds of the City. The City utilizes the modified accrual basis of
accounting for the general, special revenue, and capital projects funds. Expenditures of federal
awards reported on the Schedule of Expenditures of Federal Awards (Schedule) are recognized
when incurred.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate.
The accompanying Schedule 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 is included in the Schedule.
The Schedule was prepared only from the accounts of various grant programs and, therefore, does
not present the financial position or results of operations of the City.
Title: D. Pass-Through Entities’ Identifying Number
Accounting Policies: Funds received under the various grant programs have been recorded within the general, special
revenue, and capital projects funds of the City. The City utilizes the modified accrual basis of
accounting for the general, special revenue, and capital projects funds. Expenditures of federal
awards reported on the Schedule of Expenditures of Federal Awards (Schedule) are recognized
when incurred.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate.
When federal awards were received from a pass-through entity, the Schedule shows, if available,
the identifying number assigned by the pass-through entity. When no identifying number is
shown, the City determined that no identifying number is assigned for the program, or the City
was unable to obtain an identifying number from the pass-through entity.
Title: E. Indirect Costs
Accounting Policies: Funds received under the various grant programs have been recorded within the general, special
revenue, and capital projects funds of the City. The City utilizes the modified accrual basis of
accounting for the general, special revenue, and capital projects funds. Expenditures of federal
awards reported on the Schedule of Expenditures of Federal Awards (Schedule) are recognized
when incurred.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10% de minimis indirect cost rate.
The City did not elect to use the 10% de minimis indirect cost rate.