Audit 290656

FY End
2023-06-30
Total Expended
$1.88M
Findings
0
Programs
15
Organization: Bishop Museum (HI)
Year: 2023 Accepted: 2024-02-15

Organization Exclusion Status:

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Findings

No findings recorded

Contacts

Name Title Type
NNLGUK4QJ2Y3 Gregory Chang Auditee
8088484146 Terri T Fujii Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: The expenditures are recognized following the cost principles contained in the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition, agency or pass-through numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Museum did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of Bishop Museum (Museum), and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, certain amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements of the Museum.
Title: Summary of Significant Accounting Policies Accounting Policies: The expenditures are recognized following the cost principles contained in the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition, agency or pass-through numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Museum did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The expenditures are recognized following the cost principles contained in the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition, agency or pass-through numbers are presented where available.
Title: Indirect Cost Rates Accounting Policies: The expenditures are recognized following the cost principles contained in the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowed or are limited as to reimbursement. In addition, agency or pass-through numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Museum did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Museum did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.