Audit 294121

Title: Basis for Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Native Americans for Community Action, Inc. did not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. However, Native Americans for Community Action, Inc. has a negotiated rate with the U.S. Department of Health and Human Services, which it uses to charge indirect costs to its federal programs. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Native Americans for Community Action, Inc. under programs of the federal government for the year ended December 31, 2022. The information in this schedule is presented in accordance with 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 Native Americans for Community Action, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of Native Americans for Community Action, Inc.