Audit 23843

Title: Note 1. Basis of Presentation Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 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. De Minimis Rate Used: N Rate Explanation: The schedules of indirect cost rate calculation and schedule of fringe benefit rate calculation on pages 10 and 11, respectively, are prepared in accordance with the requirements of Uniform Guidance, and additional regulations issued by the United States Agency for International Development.CI negotiates and utilizes an indirect cost rate with the federal government and therefore does not use the 10% de minimus cost rate option. The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the federal expenditures of Conservation International Foundation and Affiliates (CI) under programs of the federal government for the fiscal year ended June 30, 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 CI, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of CI.