Notes to SEFA
Accounting Policies: he accompanying Schedule of Expenditures of Federal Awards (the "Schedule") presents the activity of all federal financial assistance programs of Alaska Conservation Foundation, including the federal financial assistance received directly from federal agencies as well as federal financial assistance passed
through other governmental agencies. 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 Alaska Conservation Foundation, it is not intended to and does not present the financial position, change in net assets, or cash flows of Alaska Conservation Foundation
De Minimis Rate Used: Y
Rate Explanation: no indirect rate agreement