Notes to SEFA
Title: Reconciliation of Expenditures
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available. Negative amounts shown on the SEFA 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 Sitka Tribe of Alaska has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The following is a reconciliation of the expenditures reported on the Tribes schedule of expenditures offederal awards to expenditures reported in the Tribes statement of revenues, expenditures, and changesin fund balance.Expenditures on schedule of expenditures of federal awards $ 8,585,536Funding from state and local grants 75,971Expenditures funded from all other Tribal sources 1,754,354Total expenditures according to financial statements $ 10,415,861
Title: Basis of Presentation
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available. Negative amounts shown on the SEFA 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 Sitka Tribe of Alaska has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of the Sitka Tribe of Alaska under programs of the federal government for the year ended December 31, 2022. The information in this schedule for federal awards 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).
Title: Assistance Listing Numbers
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available. Negative amounts shown on the SEFA 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 Sitka Tribe of Alaska has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The program titles and assistance listing numbers were obtained from the federal or pass-through grantor or the 2022 Federal Assistance Listings. When no assistance listing number had been assigned to a program, the federal identifier as applied and followed by a U and chronological two-digit numbers to represent unidentified assistance listing numbers.
Title: Outstanding Federal Loans
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available. Negative amounts shown on the SEFA 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 Sitka Tribe of Alaska has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Tribe had no outstanding federal loan balances at December 31, 2022.