Audit 28384

Title: BASIS OF PRESENTATION Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the modified accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. The Company has not elected to use the 10 percent de minimis indirect cost rateas allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Seneca Telecommunications, LLC (the Company) under programs of the U.S. federal government for the year ended September 30, 2022. The information in this Schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations (CFR)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 the Company, it is not intended to and does not present the financial position, changes in net position or cash flows of the Company. The following notes were identified on the Schedule:a. Includes all federal award programs of the Company.b. Source: Federal Assistance Listing Numbers, previously known as Catalog of FederalDomestic Assistance.c. Pass-through entity identifying numbers are presented where available.d. Prepared under accounting principles generally accepted in the United States of America and includes all federal awards programs.