Audit 394872

A. General The accompanying Schedule of Expenditures of Federal Awards presents the activity of all Federal award programs of the County of Riverside, California (the County), except for the Federal awards granted to the Housing Authority of the County of Riverside, which is separately audited and reported on in accordance with the U.S. Office of Management and Budget (OMB) Uniform Guidance. Federal awards received directly from Federal agencies, as well as Federal awards passed through nonfederal agencies, primarily the State of California, except as noted above, are included on the schedule. The County’s reporting entity is defined in Note 1 to the County’s basic financial statements. B. Basis of Accounting The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting for program expenditures accounted for in the governmental funds and the accrual basis of accounting for program expenditures accounted for in the proprietary funds as described in Note 1 to the County’s basic financial statements. C. Relationship to Basic Financial Statements Federal award expenditures agree, or can be reconciled with, the amounts reported in the County’s basic financial statements. D. Relationship to Federal Financial Reports Amounts reported in the Schedule of Expenditures of Federal Awards are in material agreement with the amounts reported in the related Federal financial reports for the Federal award programs. E. Indirect Cost Rate The County has not elected to use the de minimis indirect cost rate as described in 2 CFR 200.414 F. Loans Outstanding The following programs had federally-funded loans outstanding at June 30, 2025 and 2024: Amount Outstanding See the Notes to the SEFA for chart/table