Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Pacific Northwest Trail Association has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance for the year ended December 31, 2022.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Pacific Northwest Trail Association under programs of the federal government for the year ended December 31, 2022. The information in the 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 Pacific Northwest Trail Association, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Pacific Northwest Trail Association.