Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lower Columbia Estuary Partnership. The information in this schedule is presented in accordance with the requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Federal award program titles are reported as presented in SAM.gov Assistance Listings (AL). Federal Award program titles not presented in SAM.gov are identified by Federal Agency number followed by (.xxx).
De Minimis Rate Used: N
Rate Explanation: Lower Columbia Estuary Partnership has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
a.Basis of Presentation
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lower Columbia Estuary Partnership. The information in this schedule is presented in accordance with the requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Federal award program titles are reported as presented in SAM.gov Assistance Listings (AL). Federal Award program titles not presented in SAM.gov are identified by Federal Agency number followed by (.xxx).
De Minimis Rate Used: N
Rate Explanation: Lower Columbia Estuary Partnership has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lower Columbia Estuary Partnership. The information in this schedule is presented in accordance with the requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Federal award program titles are reported as presented in SAM.gov Assistance Listings (AL). Federal Award program titles not presented in SAM.gov are identified by Federal Agency number followed by (.xxx).
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lower Columbia Estuary Partnership. The information in this schedule is presented in accordance with the requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Federal award program titles are reported as presented in SAM.gov Assistance Listings (AL). Federal Award program titles not presented in SAM.gov are identified by Federal Agency number followed by (.xxx).
De Minimis Rate Used: N
Rate Explanation: Lower Columbia Estuary Partnership has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
b.Basis of Accounting
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lower Columbia Estuary Partnership. The information in this schedule is presented in accordance with the requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Federal award program titles are reported as presented in SAM.gov Assistance Listings (AL). Federal Award program titles not presented in SAM.gov are identified by Federal Agency number followed by (.xxx).
De Minimis Rate Used: N
Rate Explanation: Lower Columbia Estuary Partnership has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
The expenditures for each federal financial assistance programs are presented in the schedule on the accrual basis of accounting.
Title: Contingencies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lower Columbia Estuary Partnership. The information in this schedule is presented in accordance with the requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Federal award program titles are reported as presented in SAM.gov Assistance Listings (AL). Federal Award program titles not presented in SAM.gov are identified by Federal Agency number followed by (.xxx).
De Minimis Rate Used: N
Rate Explanation: Lower Columbia Estuary Partnership has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
Contingencies
Title: Contingencies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lower Columbia Estuary Partnership. The information in this schedule is presented in accordance with the requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Federal award program titles are reported as presented in SAM.gov Assistance Listings (AL). Federal Award program titles not presented in SAM.gov are identified by Federal Agency number followed by (.xxx).
De Minimis Rate Used: N
Rate Explanation: Lower Columbia Estuary Partnership has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
The amounts expended by Lower Columbia Estuary Partnership under federal programs are subject to audit by governmental agencies. Lower Columbia Estuary Partnership believes that any liabilities arising from such audits will not have a material impact on Lower Columbia Estuary Partnership’s financial position.