Title: NOTE 1 – REPORTING ENTITY
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the
County of Mono. The County of Mono, California (the County) reporting entity is defined in Note 1 to the County’s basic
financial statements. All federal awards received directly from federal agencies as well as federal awards passed through
other government agencies are included in the schedule. 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). Because the schedule presents only a
selected portion of the operations of the County, it is not intended and does not present the financial position, changes in
net position or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying Schedule of Expenditures of Federal Awards is prepared using the modified accrual basis of accounting
for program expenditures accounted for in governmental funds and the accrual basis of accounting for expenditures
accounted for in proprietary funds, as described in Note 1 to the County’s financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County did not elect to use the 10 percent de minimis indirect cost rate as described in 2 CFR §200.414. Uniform
Guidance, §200.510(6), requires the County to disclose whether or not it elected to use the 10 percent de minimis cost
rate that §200.414(f) allows for nonfederal entities that have never received a negotiated indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the
County of Mono. The County of Mono, California (the County) reporting entity is defined in Note 1 to the County’s basic
financial statements. All federal awards received directly from federal agencies as well as federal awards passed through
other government agencies are included in the schedule. 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). Because the schedule presents only a
selected portion of the operations of the County, it is not intended and does not present the financial position, changes in
net position or cash flows of the County.
Title: NOTE 2 – BASIS OF ACCOUNTING
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the
County of Mono. The County of Mono, California (the County) reporting entity is defined in Note 1 to the County’s basic
financial statements. All federal awards received directly from federal agencies as well as federal awards passed through
other government agencies are included in the schedule. 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). Because the schedule presents only a
selected portion of the operations of the County, it is not intended and does not present the financial position, changes in
net position or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying Schedule of Expenditures of Federal Awards is prepared using the modified accrual basis of accounting
for program expenditures accounted for in governmental funds and the accrual basis of accounting for expenditures
accounted for in proprietary funds, as described in Note 1 to the County’s financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County did not elect to use the 10 percent de minimis indirect cost rate as described in 2 CFR §200.414. Uniform
Guidance, §200.510(6), requires the County to disclose whether or not it elected to use the 10 percent de minimis cost
rate that §200.414(f) allows for nonfederal entities that have never received a negotiated indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards is prepared using the modified accrual basis of accounting
for program expenditures accounted for in governmental funds and the accrual basis of accounting for expenditures
accounted for in proprietary funds, as described in Note 1 to the County’s financial statements.
Title: NOTE 3 – RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the
County of Mono. The County of Mono, California (the County) reporting entity is defined in Note 1 to the County’s basic
financial statements. All federal awards received directly from federal agencies as well as federal awards passed through
other government agencies are included in the schedule. 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). Because the schedule presents only a
selected portion of the operations of the County, it is not intended and does not present the financial position, changes in
net position or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying Schedule of Expenditures of Federal Awards is prepared using the modified accrual basis of accounting
for program expenditures accounted for in governmental funds and the accrual basis of accounting for expenditures
accounted for in proprietary funds, as described in Note 1 to the County’s financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County did not elect to use the 10 percent de minimis indirect cost rate as described in 2 CFR §200.414. Uniform
Guidance, §200.510(6), requires the County to disclose whether or not it elected to use the 10 percent de minimis cost
rate that §200.414(f) allows for nonfederal entities that have never received a negotiated indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting and the accrual basis of accounting for program expenditures accounted for in governmental funds and
proprietary funds, respectively, as described in Note 1 of the County’s basic financial statements.
Title: NOTE 4 – INDIRECT COST RATE
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the
County of Mono. The County of Mono, California (the County) reporting entity is defined in Note 1 to the County’s basic
financial statements. All federal awards received directly from federal agencies as well as federal awards passed through
other government agencies are included in the schedule. 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). Because the schedule presents only a
selected portion of the operations of the County, it is not intended and does not present the financial position, changes in
net position or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying Schedule of Expenditures of Federal Awards is prepared using the modified accrual basis of accounting
for program expenditures accounted for in governmental funds and the accrual basis of accounting for expenditures
accounted for in proprietary funds, as described in Note 1 to the County’s financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County did not elect to use the 10 percent de minimis indirect cost rate as described in 2 CFR §200.414. Uniform
Guidance, §200.510(6), requires the County to disclose whether or not it elected to use the 10 percent de minimis cost
rate that §200.414(f) allows for nonfederal entities that have never received a negotiated indirect cost rate.
The County did not elect to use the 10 percent de minimis indirect cost rate as described in 2 CFR §200.414. Uniform
Guidance, §200.510(6), requires the County to disclose whether or not it elected to use the 10 percent de minimis cost
rate that §200.414(f) allows for nonfederal entities that have never received a negotiated indirect cost rate.
Title: NOTE 5 – PASS-THROUGH ENTITIES’ IDENTIFYING NUMBER
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the
County of Mono. The County of Mono, California (the County) reporting entity is defined in Note 1 to the County’s basic
financial statements. All federal awards received directly from federal agencies as well as federal awards passed through
other government agencies are included in the schedule. 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). Because the schedule presents only a
selected portion of the operations of the County, it is not intended and does not present the financial position, changes in
net position or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying Schedule of Expenditures of Federal Awards is prepared using the modified accrual basis of accounting
for program expenditures accounted for in governmental funds and the accrual basis of accounting for expenditures
accounted for in proprietary funds, as described in Note 1 to the County’s financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County did not elect to use the 10 percent de minimis indirect cost rate as described in 2 CFR §200.414. Uniform
Guidance, §200.510(6), requires the County to disclose whether or not it elected to use the 10 percent de minimis cost
rate that §200.414(f) allows for nonfederal entities that have never received a negotiated indirect cost rate.
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 the County determined that no identifying
number is assigned for the program or the County has indicated “--” as the pass-through identifying number.
Title: NOTE 6 – DEPARTMENT OF AGING FEDERAL/STATE SHARE
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the
County of Mono. The County of Mono, California (the County) reporting entity is defined in Note 1 to the County’s basic
financial statements. All federal awards received directly from federal agencies as well as federal awards passed through
other government agencies are included in the schedule. 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). Because the schedule presents only a
selected portion of the operations of the County, it is not intended and does not present the financial position, changes in
net position or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying Schedule of Expenditures of Federal Awards is prepared using the modified accrual basis of accounting
for program expenditures accounted for in governmental funds and the accrual basis of accounting for expenditures
accounted for in proprietary funds, as described in Note 1 to the County’s financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County did not elect to use the 10 percent de minimis indirect cost rate as described in 2 CFR §200.414. Uniform
Guidance, §200.510(6), requires the County to disclose whether or not it elected to use the 10 percent de minimis cost
rate that §200.414(f) allows for nonfederal entities that have never received a negotiated indirect cost rate.
The California Department of Aging (CDA) requires agencies who receive CDA funding to display state-funded
expenditures discretely along with federal expenditures. The County expended the following state and federal amounts
under these grants:
Title: NOTE 7 – LOANS WITH CONTINUING COMPLIANCE REQUIREMENTS
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the
County of Mono. The County of Mono, California (the County) reporting entity is defined in Note 1 to the County’s basic
financial statements. All federal awards received directly from federal agencies as well as federal awards passed through
other government agencies are included in the schedule. 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). Because the schedule presents only a
selected portion of the operations of the County, it is not intended and does not present the financial position, changes in
net position or cash flows of the County.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying Schedule of Expenditures of Federal Awards is prepared using the modified accrual basis of accounting
for program expenditures accounted for in governmental funds and the accrual basis of accounting for expenditures
accounted for in proprietary funds, as described in Note 1 to the County’s financial statements.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
The County did not elect to use the 10 percent de minimis indirect cost rate as described in 2 CFR §200.414. Uniform
Guidance, §200.510(6), requires the County to disclose whether or not it elected to use the 10 percent de minimis cost
rate that §200.414(f) allows for nonfederal entities that have never received a negotiated indirect cost rate.
The programs listed below had federally funded loans outstanding as of July 1, 2023 and June 30, 2024: