Audit 21785

Title: Passed Through Awards Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Inupiat Community of the Arctic Slope under programs of the federal government for the year ended December 31, 2022. 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 Inupiat Community of the Arctic Slope, it is not intended to and does not present the basic financial statements of Inupiat Community of the Arctic Slope. Expenditures reported on the Schedule are reported on the modified accrual basis 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Inupiat Community of the Arctic Slope has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. No amounts were passed to subrecipients.