Title: Note 3. Passed Through Awards
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Valdez Native Tribe 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 Valdez Native Tribe, it is not intended to and does not present the basic financial statements of Valdez Native Tribe. 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 amount reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No amounts were passed through to subrecipients.
Title: Note 4. Refundable Advances by Assistance Listing number for U.S. Departmen
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Valdez Native Tribe 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 Valdez Native Tribe, it is not intended to and does not present the basic financial statements of Valdez Native Tribe. 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 amount reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
AssistanceListingDeferredGrant TitleNumberRevenueU.S. Department of Health and Human Services:Passed through Chugachmiut:Older Americans Caregivers and Elder Nutrition93.047$60,326Local Health Initiatives, Alcohol Prevention, and Tribal Self Governance93.210247,300Nutrition Incentive Program93.0532,158Total U.S. Department of Health and Human Services309,784Total other federal and local grants365,581Total refundable advances on Statement of Financial Position$675,365
Title: Note 5. Reconciliation of Federal Expenditures to the Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Valdez Native Tribe 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 Valdez Native Tribe, it is not intended to and does not present the basic financial statements of Valdez Native Tribe. 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 amount reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following program met the criteria for revenue recognition in prior years and any excess revenue over expenditures was considered net assets with donor restrictions. During the fiscal year ending December 31, 2022, the following program incurred expenditures in excess of revenue, which resulted in net assets being released from donor restrictions. Current year expenditures are reported on the SEFA per OMB Guidance.Total Expenditures of Federal Awards on the Schedule $2,501,691ProgramALN #Indian Self Determination 93.441(286,460)Total Federal sources per statements of activities for the year ended December 31, 2022.$2,215,231