Audit 299395

Title: Basis of Presentation Accounting Policies: Note 1 - Summary of Significant Accounting Policies Expenditures reported on the accompanying Southwest Wyoming Regional Airport (the Airport) Schedule Schedule of Expenditures of Federal Awards (the Schedule) are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimus cost rate. The Schedule includes the federal activity of the Airport under programs of the federal government for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of the Airport, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the Airport.

Title: Subrecipients Accounting Policies: Note 1 - Summary of Significant Accounting Policies Expenditures reported on the accompanying Southwest Wyoming Regional Airport (the Airport) Schedule Schedule of Expenditures of Federal Awards (the Schedule) are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimus cost rate. The Airport has no subrecipients during the year ended June 30, 2023.