The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents all the activity of all the federal award programs of the County of Kings, California (the County) for the year ended June 30, 2025. The County reporting entity is defined in Note 1 to the County’s basic financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through other government agencies are included on the Schedule
Consistent with the County’s method of filing federal financial reports, the accompanying Schedule is prepared using the accrual basis method 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. The information in the 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). Therefore, some of the amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. The amounts reported in the accompanying Schedule agree, in all material respects, to amounts reported within the County’s basic financial statements. Because the Schedule only presents 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.
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 County has either 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.
The County did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance, which was 10% of modified total direct costs through September 30, 2024, and increased to 15% effective October 1, 2024.
FEMA Project Roomkey for ALN 97.036 Public Assistance (Presidentially Disaster Grants) are recorded on the Schedule when the Federal Emergency Management Agency (FEMA) has approved the County’s project and the eligible expenditures have been incurred by the County. The Schedule includes $2,106,493 in eligible expenditures that were approved by FEMA during the year ended June 30, 2025 and incurred in prior fiscal years.
The programs listed below had federally funded loans outstanding as of June 30, 2025: See the Notes to the SEFA for chart/table